Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 113

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 113
---
 profits (as determined under
U.S. federal income tax principles). To the extent a distribution received by a U.S. Holder is not a dividend because it exceeds
the U.S. Holder’s pro rata share of our current and accumulated earnings and profits, it will be treated first as a tax-free
return of capital and reduce (but not below zero) the adjusted tax basis of the U.S. Holder’s Ordinary Shares. To the extent
the distribution exceeds the adjusted tax basis of the U.S. Holder’s Ordinary Shares, the remainder will be taxed as capital
gain. Because we may not account for our earnings and profits in accordance with U.S. federal income tax principles, U.S. Holders
should expect all distributions to be reported to them as dividends.

Distributions on our Ordinary
Shares that are treated as dividends generally will constitute income from sources outside the United States for foreign tax credit
purposes and generally will constitute passive category income. Such dividends will not be eligible for the “dividends received”
deduction generally allowed to corporate shareholders with respect to dividends received from U.S. corporations. Dividends paid by
a “qualified foreign corporation” to certain non-corporate U.S. Holders may be eligible for taxation at a reduced capital
gains rate rather than the marginal tax rates generally applicable to ordinary income, provided that a holding period requirement (more
than 60 days of ownership, without protection from the risk of loss, during the 121-day period beginning 60 days before the
ex-dividend date) and certain other requirements are met. Each U.S. Holder is advised to consult its tax advisors regarding the availability
of the reduced tax rate on dividends to its particular circumstances. However, if we are a PFIC for the taxable year in which the dividend
is paid or the preceding taxable year (see discussion above under “PFIC Consequences”), we will not be treated as a qualified
foreign corporation, and therefore, the reduced capital gains tax rate described above will not apply.

Dividends will be included
in a U.S. Holder’s income on the date of the depositary’s receipt of the dividend. The amount of any dividend income
paid in Cayman Islands dollars will be the U.S. dollar amount calculated by reference to the exchange rate in effect on the date
of receipt, regardless of whether the payment is in fact converted into U.S. dollars. If the dividend is converted into U.S. dollars
on the date of receipt, a