Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 10

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 10
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 grow. Cybersecurity risks could
include, but are not limited to, malicious software, attempts to gain unauthorized access to our data, and the unauthorized release,
corruption, or loss of our data and personal information, interruptions in communication, loss of our intellectual property or theft
of our sensitive or proprietary technology, loss or damage to our data delivery systems or other electronic security, including with
our property and equipment.

These cybersecurity
risks could:

  Disrupt our operations and damage our information technology systems;           
  Subject us to various penalties and fees by third parties;                      
  Negatively impact our ability to compete;                                       
  Enable the theft or misappropriation of funds;                                  
  Cause the loss, corruption, or misappropriation of proprietary or confidential  
  Expose us to litigation; and                                                    
  Result in injury to our reputation, downtime, loss of revenue, and              

If a cybersecurity
event occurs, it could harm our business and reputation and could result in a loss of customers. Likewise, data privacy breaches by employees
and others who access our systems may pose a risk that sensitive customer data may be exposed to unauthorized persons or to the public,
adversely impacting our customer service, employee relationships, and our reputation.

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While we continue
to make efforts to evaluate and improve our systems and particularly the effectiveness of our security program, procedures, and systems,
it is possible that our business, financial, and other systems could be compromised, which could go unnoticed for a prolonged period
of time, and there can be no assurance that the actions and controls that we implement, or which we cause third-party service providers
to implement, will be sufficient to protect our systems, information, or other property. Additionally, customers or third parties upon
whom we rely face similar threats, which could directly or indirectly impact our business and operations. The occurrence of a cyber incident
or attack could have a material adverse effect on our business, financial condition, and results of operations.

There is also no assurance
that we will be able to successfully keep up with technological improvements in order to meet our customers’ needs or the technology
developed by competitors will not have an adverse impact on the competitiveness or attractiveness of our services. In addition, hardware
or software failure relating to information technology systems could significantly disrupt customer workflows and cause economic losses
for which we could be held liable and that could damage our reputation. We are also subject to hacking or other attacks on our information