Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 32

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 32
---
 documents issued by competent regulatory authorities of relevant industries (if
applicable), and security assessment opinions issued by relevant regulatory authorities (if applicable). On December 27, 2021, the
National Development and Reform Commission (“NDRC”) and the Ministry of Commerce jointly issued the Special Administrative
Measures for Entry of Foreign Investment (Negative List) (2021 Version) (“Negative List”), which became effective and replaced
the previous version. Pursuant to the Negative List, if a PRC company, which engages in any business where foreign investment is prohibited
under the Negative List, or prohibited businesses seeks an overseas offering or listing, it must obtain the approval from competent governmental
authorities. Based on a set of Q&A published on the NDRC’s official website, an NDRC official indicated that after a PRC company
submits its application for overseas listing to the CSRC and where matters relating to prohibited businesses under the Negative List are
implicated, the CSRC will consult the regulatory authorities having jurisdiction over the relevant industries and fields.

<div align='center'>7</div>

On January 4, 2022,
the CAC, the NDRC, and several other administrations jointly adopted and published the revised Cybersecurity Review Measures (“CRM”),
which took effect on February 15, 2022, and replaced the Revised Draft issued on July 10, 2021. Pursuant to the CRM, if a network
platform operator holding personal information of over one million users seeks for “foreign” listing, it must apply for the
cybersecurity review. In addition, operators of critical information infrastructure purchasing network products and services are also
obligated to apply for the cybersecurity review for such purchasing activities. Although the CRM provides no further explanation on the
extent of “network platform operator” and “foreign” listing, we do not believe we are obligated to apply for a
cybersecurity review pursuant to the revised CRM, considering that (i) we are not in possession of or otherwise holding personal
information of over one million users, and it is also very unlikely that we will reach such threshold in the near future; and (ii) as
of the date of this prospectus, we have not received any notice or determination from applicable PRC governmental authorities identifying
us as a critical information infrastructure operator.

On February 17, 2023,
the China Securities Regulatory Commission, or the CSRC, as approved by the State Council, released the Trial Measures for Administration
of Overseas Securities