Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 26

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 26
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 Kong, due to interventions in, or the imposition of restrictions and limitations on, our ability or our subsidiary by the PRC government to transfer cash. Any limitation on the ability of our subsidiary to make payments to us could have a material adverse effect on our ability to conduct our business and might materially decrease the value of Ordinary Shares or cause them to be worthless,” and “Consolidated Statements of Change in Shareholders’ Equity” in audited financial statements contained in this prospectus or incorporated by reference in this prospectus
for more information.

<div align='center'>Enforceability of Civil Liabilities</div>

We are incorporated under
the laws of the Cayman Islands as an exempted company with limited liability.

We have appointed Cogency
Global Inc. as our agent upon whom process may be served in any action brought against us under the securities laws of the United States.

Conyers Dill & Pearman,
our counsel as to the laws of the Cayman Islands, has advised us that there is uncertainty as to whether the courts of the Cayman Islands
would (i) recognize or enforce judgments of U.S. courts obtained against us or our directors or officers predicated upon the civil liability
provisions of the securities laws of the United States or any state in the United States, or (ii) entertain original actions brought in
the Cayman Islands against us or our directors or officers predicated upon the securities laws of the United States or any state in the
United States.

Conyers Dill & Pearman
has informed us that the courts of the Cayman Islands would recognize as a valid judgment, a final and conclusive judgment in personam
obtained in the foreign courts against our Company under which a sum of money is payable (other than a sum of money payable in respect
of multiple damages, taxes or other charges of a like nature or in respect of a fine or other penalty) or, in certain circumstances, an
in personam judgment for non-monetary relief, and would give a judgment based thereon provided that (a) such courts had proper
jurisdiction over the parties subject to such judgment; (b) such courts did not contravene the rules of natural justice of the Cayman
Islands; (c) such judgment was not obtained by fraud; (d) the enforcement of the judgment would not be contrary to the public policy of
the Cayman Islands; (e) no new admissible evidence relevant to the action is submitted prior to the rendering of the