Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 36

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 36
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. 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 the Accelerating Holding Foreign Companies Accountable Act (the “AHFCAA”), which, 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 to two years.

On December 2, 2021,
the SEC issued amendments to finalize rules implementing the submission and disclosure requirements in the HFCA Act, which took effect
on January 10, 2022. The rules apply to registrants that the SEC identifies as having filed an annual report with an audit report
issued by a registered public accounting firm that is located in a foreign jurisdiction and that the PCAOB is unable to inspect or investigate
completely because of a position taken by an authority in foreign jurisdictions.

On December 16, 2021,
the PCAOB issued a Determination Report, which found that the PCAOB is unable to inspect or investigate completely registered public accounting
firms headquartered in mainland China of the PRC or Hong Kong, a special administrative region and dependency of the PRC, because
of a position taken by one or more authorities in the PRC or Hong Kong. The PCAOB made its determinations pursuant to PCAOB Rule 6100,
which provides a framework for how PCAOB fulfills its responsibilities under the HFCA Act.

Our auditor, ZH CPA,
LLC, the independent registered public accounting firm that issued the audit report incorporated by reference in