Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 80

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 80
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 respect of the liability of the employer. According to
the Fourth Schedule of the ECO, the insured amount shall be not less than HKD100,000,000 per event if a company has no more than 200
employees. Any employer who contravenes this requirement commits a criminal offence and is liable on conviction to a fine and imprisonment.
An employer who has taken out an insurance policy under the ECO is required to display a prescribed notice of insurance in a conspicuous
place on each of its premises where any employee is employed.

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  Table of Contents  

Minimum Wage Ordinance (Chapter 608
of the Laws of Hong Kong)

The Minimum Wage Ordinance
provides for a prescribed minimum hourly wage rate (currently at HK$40 per hour) during the wage period for every employee engaged under
a contract of employment under the Employment Ordinance.

Any provision of the
employment contract that purports to extinguish or reduce the right, benefit, or protection conferred on the employee by the Minimum
Wage Ordinance is void.

Mandatory Provident Fund Schemes Ordinance
(Chapter 485 of the Laws of Hong Kong)

The Mandatory Provident
Fund Schemes Ordinance (“ MPFSO”) is an ordinance enacted for the purposes of providing for the establishment of non-governmental
mandatory provident fund schemes (each, a “ MPF Scheme”). The MPFSO requires every employer of an employee of 18 years of
age or above but under 65 years of age to take all practical steps to ensure the employee becomes a member of a registered MPF Scheme.
Subject to the minimum and maximum relevant income levels, it is mandatory for both employers and their employees to contribute 5% of
the employee’s relevant income to the MPF Scheme. Any employer who contravenes this requirement commits a criminal offense and
is liable on conviction to a fine and imprisonment. As of the date of this annual report, the Company believes it has made all contributions
required under the MPFSO.

Occupiers Liability Ordinance (Chapter
314 of the Laws of Hong Kong)

The Occupiers Liability
Ordinance (Chapter 314 of the Laws of Hong Kong) regulates the obligations of a person occupying or having control of premises on injury
resulting to persons or damage caused to goods or other property lawfully on the land. The Occupiers Liability Ordinance imposes a common
duty of care on an occupier of premises to take such care as in all the circumstances of the case