Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 59

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 59
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 protection than they would otherwise enjoy under the Nasdaq corporate
governance listing standards applicable to U.S. domestic issuers.

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We may lose our foreign private issuer status in the future, which could result in significant additional costs and expenses.

We are a foreign private issuer,
and therefore, we are not required to comply with all of the periodic disclosure and current reporting requirements of the Exchange Act.
The determination of foreign private issuer status is made annually on the last business day of an issuer’s most recently completed
second fiscal quarter. We would lose our foreign private issuer status if, for example, more than 50% of our Ordinary Shares are directly
or indirectly held by residents of the United States and we fail to meet additional requirements necessary to maintain our foreign
private issuer status. If we lose our foreign private issuer status on this date, we will be required to file with the SEC periodic reports
and registration statements on U.S. domestic issuer forms, which are more detailed and extensive than the forms available to a foreign
private issuer. We will also have to mandatorily comply with U.S. federal proxy requirements, and our officers, directors, and principal
shareholders will become subject to the short-swing profit disclosure and recovery provisions of Section 16 of the Exchange Act.
In addition, we will lose our ability to rely upon exemptions from certain corporate governance requirements under the Nasdaq rules. As
a U.S.-listed public company that is not a foreign private issuer, we will incur significant additional legal, accounting, and other expenses
that we will not incur as a foreign private issuer in order to maintain a listing on a U.S. securities exchange.

There can be no assurance that we will not be a PFIC for U.S. federal income tax purposes for any taxable year, which could result in adverse U.S. federal income tax consequences to U.S. holders of our Ordinary Shares.

A non-U.S. corporation
will be a PFIC for any taxable year if either (i) at least 75% of its gross income for such year consists of certain types of “passive”
income, or (ii) at least 50% of the value of its assets (based on an average of the quarterly values of the assets) during such year
is attributable to assets that produce passive income or are held for the production of passive income (the “asset test”).
Based on our current and expected income and assets, we do not presently expect to be a PF