Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 111

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 111
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 made by the U.S. Holder for our Ordinary Shares. An electing U.S. Holder generally
would take into account, as ordinary income each year, the excess of the fair market value of our Ordinary Shares held at the end of such
taxable year over the adjusted tax basis of such Ordinary Shares. The U.S. Holder would also take into account, as an ordinary loss
each year, the excess of the adjusted tax basis of such Ordinary Shares over their fair market value at the end of the taxable year, but
only to the extent of the excess of amounts previously included in income over ordinary losses deducted as a result of the mark-to-market
election. The U.S. Holder’s tax basis in our Ordinary Shares would be adjusted to reflect any income or loss recognized as
a result of the mark-to-market election. Any gain from a sale, exchange, or other disposition of our Ordinary Shares in any taxable year
in which we are a PFIC would be treated as ordinary income, and any loss from such sale, exchange, or other disposition would be treated
first as ordinary loss (to the extent of any net mark-to-market gains previously included in income) and thereafter as capital loss. If,
after having been a PFIC for a taxable year, we cease to be classified as a PFIC because we no longer meet the PFIC income test or PFIC
asset test, the U.S. Holder would not be required to take into account any latent gain or loss in the manner described above, and
any gain or loss recognized on the sale or exchange of the Ordinary Shares would be classified as a capital gain or loss.

A mark-to-market election is
available to a U.S. Holder only for “marketable stock.” Generally, stock will be considered marketable stock if it is
“regularly traded” on a “qualified exchange” within the meaning of applicable U.S. Treasury regulations.
A class of stock is regularly traded during any calendar year during which such class of stock is traded, other than in de minimisquantities, on at least 15 days during each calendar quarter.

Our Ordinary Shares will be
marketable stock as long as they remain listed on Nasdaq and are regularly traded. A mark-to-market election will not apply to the Ordinary
Shares for any taxable year during which we are not a PFIC, but it will remain in effect with respect to any subsequent taxable year in
which we become a PFIC. Such election will not apply to any of our non-U