Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 28

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 28
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 because we are incorporated in the Cayman Islands and our subsidiaries are incorporated in Hong Kong, the British
Virgin Islands, and other regions outside of mainland China and operate in Hong Kong without any subsidiary or VIE structure in mainland
China, and we do not have any business operations or maintain any office or personnel in mainland China. However, as the CSRC Filing
Rules and the supporting guidelines are newly published, there exists uncertainty with respect to the implementation and interpretation
of the principle of “substance over form.” If our offering and listing is later deemed as “indirect overseas offering
and listing by companies in mainland China” under the CSRC Filing Rules, we may need to complete the filing procedures for our
offering and listing. If we are subject to the filing requirements, we cannot assure you that we will be able to complete such filings
in a timely manner or even at all. As of the date of this annual report, our registered public offering in the United States is not subject
to the review or prior approval of the CAC nor the CSRC. However, since these statements and regulatory actions are new, it is highly
uncertain how soon the legislative or administrative regulation-making bodies will respond and what existing or new laws or regulations
or detailed implementations and interpretations will be modified or promulgated, if any. It is also highly uncertain what the potential
impact such modified or new laws and regulations will have on the daily business operations of our subsidiaires in Hong Kong, their respective
abilities to accept foreign investments, and the listing of our Ordinary Shares on U. S. or other foreign exchanges. There remains significant
uncertainty in the interpretation and enforcement of relevant PRC cybersecurity laws and regulations and whether the PRC government will
adopt additional requirements or extend the existing requirements to apply to our subsidiaries in Hong Kong. If the CSRC Filing Rules
become applicable to our subsidiaires in Hong Kong, or if the Measures for Cybersecurity Review (2021) or the PRC Personal Information
Protection Law become applicable to our susbidiairies in Hong Kong, our business operations and the listing of our Ordinary Shares in
the United States could be subject to the CAC’s cybersecurity review or CSRC Overseas Issuance and Listing review in the future.
If any of our subsidiaries in Hong Kong becomes subject to the CAC or CSRC review, we cannot assure you that we will be able to comply
with the regulatory requirements in all respects, and the current