Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 64

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 64
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 Globavend BVI
is a wholly owned subsidiary of the Company, which was incorporated for the purposes of acting as intermediary holding company of the
Company’s operating entity, Globavend HK.

On May 29, 2023, as
part of the reorganization in contemplation of our initial public offering, we completed a share swap transaction, pursuant to which
Globavend BVI acquired all the issued shares of Globavend HK from our Controlling Shareholder in consideration of Globavend BVI allotting
and issuing another one ordinary share to Globavend Holdings. Following such share swap, Globavend HK became the Company’s indirectly
owned subsidiary through Globavend BVI.

In November 2023,
we completed our initial public offering and listed our Ordinary Shares on the Nasdaq Capital Market under the symbol “ GVH.”
We raised approximately US$3.0 million in net proceeds from the issuance of new shares from the initial public offering after deducting
underwriting discounts, commissions and expenses.

On March 15, 2024,
we entered into the ELOC Purchase Agreement with the, pursuant to which the Investor has committed to purchase up the ELOC Shares, subject
to certain limitations and conditions set forth in the ELOC Purchase Agreement. We have registered for resale of the ELOC Shares, together
with the Commitment Shares that we have issued to the Investor under and pursuant to the ELOC Purchase Agreement.

On September 24, 2024,
Globavend Warehouse Limited (“ Globavend Warehouse”) was incorporated under the laws of Hong Kong. Globavend Warehouse is
a wholly owned subsidiary of Globavend BVI, our intermediary holding company. Globavend Warehouse was incorporated as an investment holding
company.

Our principal office
is located at Office 1401, Level 14, 197 St Georges Tce, Perth, WA 6000, Australia. Our telephone number is (+61) 08 6141 3263. Our registered
office in the Cayman Islands is located at the office of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009,
Cayman Islands.

Our agent for service
of process in the United States is Cogency Global Inc., located at 122 East 42ndStreet, 18thFloor New York, NY
10168.

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