Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 26

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 26
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 material operations of its own, and we conduct our operations primarily in Hong Kong
through our HK Subsidiaries. This is an offering of the Ordinary Shares of Globavend Holdings, the holding company in the Cayman Islands,
instead of the shares of our HK Subsidiaries. Investors in this Offering will not directly hold any equity interests in any of our HK
Subsidiaries.

As a result of our corporate
structure, Globavend Holdings’ ability to pay dividends may depend upon dividends paid by our HK Subsidiaries, including Globavend
HK. If our HK Subsidiaries, including our existing operating subsidiary Globavend HK, or any newly formed ones incur debt on their
own behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us.

<div align='center'>Transfers of Cash To and From Our Subsidiaries</div>

Our management monitors the
cash position of our HK Subsidiaries regularly and prepares budgets on a monthly basis to ensure they have the necessary funds to fulfill
their obligations for the foreseeable future and to ensure adequate liquidity. In the event that there is a need for cash or a potential
liquidity issue, it will be reported to our Chief Financial Officer and subject to approval by our board of directors.

The ability of Globavend Holdings
to transfer cash to its subsidiaries is subject to the due corporate authorization in accordance with the Memorandum and Articles of Association
of Globavend Holdings and Globavend Holdings being solvent and able to pay its debts. Globavend Holdings is permitted under the laws of
the Cayman Islands and its Memorandum and Articles of Association (as amended from time to time) to provide funding to our subsidiaries
incorporated in the BVI and Hong Kong through loans or capital contributions. Globavend Holdings’ subsidiary formed under the
laws of the BVI is permitted under the laws of the BVI to provide funding to our HK Subsidiaries, including our Hong Kong operating
subsidiary Globavend HK, subject to certain restrictions laid down in the BVI Business Companies Act (as amended) and memorandum and articles
of association of the relevant Globavend Holdings’ subsidiary incorporated under the laws of the BVI.

The ability of Globavend BVI,
the direct subsidiary of Globavend Holdings, to transfer cash to Globavend Holdings is subject to the BVI Business Companies Act (as amended),
according to which, Globavend B