Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 138

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 138
---
 and Articles authorizes our board of directors to issue additional ordinary shares from time to time as our
board of directors shall determine, to the extent of available authorized but unissued shares.

Our Memorandum and
Articles also authorizes our board of directors to establish from time to time one or more series of preference shares and to determine,
with respect to any series of preference shares, the terms and rights of that series, including, among other things:

  the designation of the series;                                             
  the number of shares of the series;                                        
  the dividend rights, dividend rates, conversion rights and voting rights;  
  the rights and terms of redemption and liquidation preferences.            

Our board of directors
may issue preference shares without action by our shareholders to the extent of available authorized but unissued shares. Issuance of
these shares may dilute the voting power of holders of ordinary shares.

Inspection of Books
and Records. Holders of our ordinary shares will have no general right under Cayman Islands law to inspect or obtain copies of our
list of shareholders or our corporate records. However, our Memorandum and Articles have provisions that provide our shareholders the
right to inspect our register of shareholders without charge or for a nominal charge, and to receive our annual audited financial statements.
See “ Where You Can Find Additional Information.”

Anti-Takeover Provisions. Some provisions of our Memorandum and Articles may discourage, delay or prevent a change of control of our company or management
that shareholders may consider favorable, including provisions that:

  authorize our board of directors to issue preference shares in one                                                                 
  limit the ability of shareholders to requisition and convene general                                                               

However, under Cayman
Islands law, our directors may only exercise the rights and powers granted to them under our Memorandum and Articles for a proper purpose
and for what they believe in good faith to be in the best interests of our company.

Exempted Company.
We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident
companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman
Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an
ordinary company except that an exempted company:

  does not have to file an annual return of its shareholders with the  
  is not required to open its register of members for inspection;