Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 13

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 13
---
 China, delay or restrict the repatriation of the proceeds from this Offering into China or take
other actions that could have a material adverse effect on our business as well as the trading price of our Ordinary Shares. We may be
required to restructure our operations to comply with such regulations or potentially cease operations in the PRC entirely. The CSRC,
the CAC or other PRC regulatory agencies also may take actions requiring us, or making it advisable for us, to halt this Offering before
settlement and delivery of our Ordinary Shares. In addition, if the CSRC, the CAC or other regulatory PRC agencies later promulgate new
rules requiring that we obtain their approvals for this Offering, we may be unable to obtain a waiver of such approval requirements, if
and when procedures are established to obtain such a waiver. Any action taken by the PRC government could significantly limit or completely
hinder our operations in the PRC and our ability to offer or continue to offer securities to investors and could cause the value of such
securities to significantly decline or be worthless.

Furthermore, on
July 10, 2021, the CAC issued a revised draft of the Measures for Cybersecurity Review for public comment, which required that,
among others, in addition to any “operator of critical information infrastructure”, any “data processor”
controlling personal information of no less than one million users which seeks to list in a foreign stock exchange should also be
subject to cybersecurity review, and further elaborated the factors to be considered when assessing the national security risks of
the relevant activities. On December 28, 2021, the CAC, the National Development and Reform Commission (“NDRC”),
and several other administrations jointly issued the revised Measures for Cybersecurity Review, which became effective and replaced
the existing Measures for Cybersecurity Review on February 15, 2022. According to the Revised Review Measures, if an
“online platform operator” that is in possession of personal data of more than one million users intends to list in a
foreign country, it must apply for a cybersecurity review. Based on a set of Q&A published on the official website of the State
Cipher Code Administration in connection with the issuance of the Revised Review Measures, an official of the said administration
indicated that an online platform operator should apply for a cybersecurity review prior to the submission of its listing
application with non-PRC securities regulators. Moreover, the CAC released the draft of the Regulations on Network Data Security