Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 49

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 49
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in our favor, these claims, and the time and resources necessary to resolve them, could divert resources of our management and harm our
business and operating results.

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We rely on dividends and other distributions on equity paid by our subsidiary to fund any cash and financing requirements we may have. In the future, funds may not be available to fund operations or for other uses outside of Hong 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.

Globavend Holdings is a holding
company, and we rely on dividends and other distributions on equity paid by our subsidiaries for our cash and financing requirements,
including the funds necessary to pay dividends and other cash distributions to our shareholders and to service any debt we may incur.
We do not expect to pay cash dividends in the foreseeable future. We anticipate that we will retain any earnings to support operations
and to finance the growth and development of our business. If any of our subsidiaries incurs debt on its own behalf in the future, the
instruments governing the debt may restrict its ability to pay dividends or make other distributions to us.

According to the BVI Business
Companies Act (as amended), a BVI company may make dividends distribution to the extent that immediately after the distribution, the value
of the company’s assets exceeds its liabilities and that such company is able to pay its debts as they fall due. According to the
Companies Ordinance of Hong Kong, a Hong Kong company may only make a distribution out of profits available for distribution.
Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect to dividends
paid by us. The PRC laws and regulations do not currently have any material impact on transfers of cash from Globavend Holdings to our
subsidiaries in Hong Kong or from such subsidiaries to Globavend Holdings, our shareholders, and U.S. investors. However, the
PRC government may, in the future, impose restrictions or limitations on our ability to transfer money out of Hong Kong, to distribute
earnings and pay dividends to and from the other entities within our organization, or to reinvest in our business outside of Hong Kong.
Such restrictions and limitations, if