Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 54

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 54
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 shall make available at its registered office,
in electronic form or any other medium, such register of members, including any branch register of members, as may be required of it
upon service of an order or notice by the Tax Information Authority pursuant to the Tax Information Authority Act (2021 Revision) of
the Cayman Islands. This may make it more difficult for you to obtain the information needed to establish any facts necessary for a shareholder
motion or to solicit proxies from other shareholders in connection with a proxy contest.

Certain corporate
governance practices in the Cayman Islands, which is our home country, differ significantly from requirements for companies incorporated
in other jurisdictions, such as the United States. To the extent we choose to follow home country practices with respect to corporate
governance matters, our shareholders may be afforded less protection than they otherwise would under rules and regulations applicable
to U. S. domestic issuers.

As a result of all
of the above, our public shareholders may have more difficulty in protecting their interests in the face of actions taken by management,
members of the board of directors, or our Controlling Shareholder than they would as public shareholders of a company incorporated in
the United States. For a discussion of significant differences between the provisions of the Companies Act and the laws applicable to
companies incorporated in the United States and their shareholders.

Cayman Islands economic substance
requirements may have an effect on our business and operations.

Pursuant to the International
Tax Cooperation (Economic Substance) Act, 2018 of the Cayman Islands (“ ES Act”) that came into force on January 1, 2019,
a “relevant entity” is required to satisfy the economic substance test set out in the ES Act. A “relevant entity”
includes an exempted company incorporated in the Cayman Islands as is the Company; however, it does not include an entity that is tax
resident outside the Cayman Islands. Accordingly, currently, for so long as the Company is a tax resident outside the Cayman Islands,
including in Hong Kong, it is not required to satisfy the economic substance test set out in the ES Act. As it is a new regime, it is
anticipated that the ES Act will continue to evolve and be subject to further clarification and amendments. We may need to allocate additional
resources to keep updated with these developments, and we may have to make changes to our operations in order to comply with all requirements
under the ES Act.

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We are