Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 248

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 19
Chunk 248
---
 Related
Parties:

SCHEDULE
OF BALANCES WITH RELATED PARTIES

  Deposit and prepayment – related parties:      Note      As of September 30,                                      
                                                           2023                                  2024               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Panaicia Pty Ltd                                (1)      $                        155,093      $         -        
  Prezario UNO Pty Ltd                                                               14,741                -        
  Mr. Wai Yiu Yau                                 (2)                                     -                600,000  
  Total                                                    $                        169,834      $         600,000  

  Accounts payable – related party:      Note      As of September 30,                           
                                                   2023                     2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Panaicia Pty Ltd                        (1)      $                        $         1,563,136  
  Prezario UNO Pty Ltd                                                                   64,133  
  Total                                            $                        $         1,627,269  

  Amount due to a director:      Note      As of September 30,                       
                                           2023                     2024             
 ─────────────────────────────────────────────────────────────────────────────────────
  Mr. Wai Yiu Yau                 (3)      $                        $         8,586  
  Total                           (3)      $                        $         8,586  

Notes:

   1      Prepayment – related parties and accounts payable – related                                                                          
   2      Deposit – related party was paid to Mr. Wai Yiu Yau, a director                                                                      
   3      Amount due to a director is non-trade in nature, unsecured and non-interest                                                          

(c) Summary of Related Party Transactions:

A summary of trade transactions with
related parties for years ended September 30, 2022, 2023 and 2024 are listed below:

SCHEDULE
OF TRADE TRANSACTION

  Last mile delivery cost charged by related parties:      For the year ended                                                                   
                                                           September 30,                                                                        
                                                           2022                                   2023                     2024                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Panaicia Pty Ltd                                         $                       5,922,909      $         5,526,462      $         6,462,