Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 26

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 26
---
 declared dividends in the amount of US$1,597,909
(equivalent to HK$12,463,692) to our Controlling Shareholder, of which the amount of US$1,244,502 (equivalent to HK$9,707,117) has been
distributed as cash dividends, and the remaining amount was offset with the entire amount due to our Controlling Shareholder.

<div align='center'>4</div>

We currently intend to retain
all available funds and future earnings, if any, for the operation and expansion of our business and do not anticipate declaring or paying
any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our
board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business
prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments.

If we determine to pay dividends
on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our subsidiaries by way
of dividend payments. Subject to 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 Cayman Islands
and its Memorandum and Articles of Association (as amended from time to time) to provide funding to its subsidiaries through loans or
capital contributions. Our HK Subsidiaries are permitted under the laws of Hong Kong to provide funding to Globavend Holdings through
dividend distributions, subject to certain statutory requirements of having sufficient profits.

Subject to Hong Kong
law, the Companies Act and our Memorandum and Articles of Association, our Board may declare dividends in any currency. Subject to a solvency
test, as prescribed in the Companies Act, and the provisions, if any, of the company’s memorandum and articles of association, a
company may pay dividends and distributions out of its share premium account. In addition, dividends may be paid out of profits available
on a company level. The Cayman Islands does not impose a withholding tax on payments of dividends to shareholders in the Cayman Islands.

Under Hong Kong law,
dividends could only be paid out of distributable profits (that is, accumulated realized profits less accumulated realized losses) or
other distributable reserves, as permitted under Hong Kong law. Divid