Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 37

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 37
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environment in Hong Kong in the future. In the event that (i) the PRC government expanded the categories of industries and companies
whose foreign securities offerings are subject to review by the CSRC or the CAC and that we are required to obtain such permissions or
approvals, (ii) we inadvertently concluded that relevant permissions or approvals were not required or that we did not receive or
maintain relevant permissions or approvals required, or (iii) applicable laws, regulations, or interpretations change and require
us to obtain such permissions or approvals in the future, we may face regulatory risks as those operated in mainland China, including
the ability to offer securities to investors, list their securities on a U.S. or other foreign exchanges, conduct their business
or accept foreign investment or sanctions by the CSRC, the CAC, or other PRC regulatory agencies.

<div align='center'>Recent PCAOB Developments</div>

On May 20, 2020, the U.S. Senate
passed the HFCA Act, which includes requirements for the SEC to identify issuers whose audit work is performed by auditors that the PCAOB
is unable to inspect or investigate completely because of a restriction imposed by a non-U.S. authority in the auditor’s local
jurisdiction. The U.S. House of Representatives passed the HFCA Act on December 2, 2020, and the HFCA Act was signed into law
on December 18, 2020. Pursuant to the HFCA act, our securities may be prohibited from trading on the Nasdaq or other U.S. stock
exchanges if our auditor cannot be inspected by the PCAOB for three consecutive years, and this ultimately could result in our Ordinary
Shares being delisted.

On March 24, 2021, the
SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements of the HFCA Act. A
company will be required to comply with these rules if the SEC identifies it as having a “non-inspection” year under a process
to be subsequently established by the SEC. The SEC is assessing how to implement other requirements of the HFCA Act, including the
listing and trading prohibition requirements described above.

On June 22, 2021, the
U.S. Senate passed a bill that, if passed by the U.S. House of Representatives and signed into law, would reduce the number
of consecutive non-inspection years required for triggering the prohibitions under the HFCA Act from three years