Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 27

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 27
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 and
Listing”) shall complete the filing procedures and submit the relevant information to CSRC. The Overseas Issuance and Listing includes
direct and indirect issuance and listing. Where an enterprise whose principal business activities are conducted in PRC seeks to issue
and list its shares in the name of an overseas enterprise on the basis of the equity, assets, income, or other similar rights and interests
of the relevant PRC domestic enterprise, such activities shall be deemed an indirect overseas issuance and listing under the Draft Overseas
Listing Regulations.

On December 28, 2021,
the CAC, jointly with the relevant authorities, formally published Measures for Cybersecurity Review (2021), which took effect on February
15, 2022, and replaced the former Measures for Cybersecurity Review (2020) issued on July 10, 2021. Measures for Cybersecurity Review
(2021) stipulates that operators of critical information infrastructure purchasing network products and services, and online platform
operators (together with the operators of critical information infrastructure, the “ Operators”) carrying out data processing
activities that affect or may affect national security, shall conduct a cybersecurity review, and any online platform operator who controls
more than one million users’ personal information must go through a cybersecurity review by the cybersecurity review office if
it seeks to be listed in a foreign country.

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  Table of Contents  

On February 17, 2023,
the China Securities Regulatory Commission, or the CSRC, as approved by the State Council, released the Trial Measures for Administration
of Overseas Securities Offerings and Listings by Domestic Companies and five interpretive guidelines (collectively, the “ CSRC Filing
Rules”), which came into effect on March 31, 2023. Under the CSRC Filing Rules, a filing-based regulatory system shall be applied
to “indirect overseas offerings and listings” of PRC domestic companies, which refers to securities offerings and listings
in an overseas market made under the name of an offshore entity but based on the underlying equity, assets, earnings, or other similar
rights of a domestic company that operates its main business domestically. The CSRC Filing Rules state that any post-listing follow-on
offering by an issuer in the same overseas market, including issuance of shares, convertible notes, and other similar securities, shall
be subject to filing requirement within three business days after the completion of the offering. We believe that we are not subject
to the CSRC Filing Rules