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

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 25
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 relevant Globavend Holdings’ subsidiary incorporated under the laws of the BVI.

The ability of Globavend
BVI, the direct subsidiary of Globavend Holdings, to transfer cash to Globavend Holdings is subject to the BVI Business Companies Act
(as amended), according to which, Globavend BVI 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.

The ability of our HK Subsidiaries
to transfer cash to Globavend BVI is subject to the Companies Ordinance of Hong Kong, according to which our HK Subsidiaries may
only make a distribution out of profits available for distribution. We did not adopt or maintain any cash management policies and procedures
as of the date of this prospectus.

Currently, all of our operations
are in Hong Kong. Hong Kong is a special administrative region of the PRC and the basic policies of the PRC regarding Hong Kong
are reflected in the Basic Law of the Hong Kong Special Administrative Region of the People’s Republic of China, or the Basic Law.
The arrangement provides Hong Kong with a high degree of autonomy and executive, legislative and independent judicial powers, including
that of final adjudication under the principle of “one country, two systems” and a distinct set of laws and regulations. The
laws and regulations of mainland China do not currently have any material impact on any transfer of cash from Globavend Holdings to our
HK Subsidiaries, or from our HK Subsidiaries to Globavend Holdings and the investors in the United States.

During the years ended
September 30, 2022, 2023 and 2024 and for the six months ended March 31, 2025, Globavend Holdings, Globavend BVI and Globavend Warehouse
have not distributed any cash dividends or made any other cash distributions. During the years ended September 30, 2024 and
for the six months ended March 31, 2025, Globavend HK has not distributed any cash dividends or made any other cash distributions. During
the year ended September 30, 2023, Globavend HK declared cash dividends in the amount of US$1,474,359 (equivalent to HK$11,500,000)
to our Controlling Shareholder. During the year ended September 30, 2022, Globavend HK