Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 18

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 18
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 These shortages and supply-chain disruptions
are significant and widespread. Mainland China began to modify its zero-COVID-19 policy at the end of 2022, and most of the travel restrictions
and quarantine requirements were lifted in December. Companies that are reliant on the transportation of goods and materials, such as
us, which principally engaged in the logistics and freight forwarding business, may suffer from logistical disruptions across the extended
supply network.

Furthermore, our business
may be adversely affected if concerns relating to COVID-19 continue to restrict travel or result in the Company’s personnel, vendors,
and services providers being unavailable to pursue their business objectives free of COVID-19-related restrictions. The extent to which
COVID-19 impacts our business in the future will depend on future developments, which are highly uncertain and cannot be predicted, including
new information that may emerge concerning the severity of COVID-19 and the actions to contain COVID-19 or treat its impact, among others.
If the disruptions posed by COVID-19 or other matters of global concern continue for an extended period of time, our ability to pursue
our business objectives may be materially adversely affected. In addition, our ability to raise equity and debt financing, which may
be adversely impacted by COVID-19 and other events, including as a result of increased market volatility, decreased market liquidity,
and third-party financing, may become unavailable on terms acceptable to us or at all.

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Any future impact
on our results of operations will depend on, to a large extent, future developments and new information that may emerge regarding the
duration and severity of the COVID-19 pandemic and the actions taken by government authorities and other entities to contain the spread
or treat its impact, almost all of which are beyond our control. Given the general slowdown in economic conditions globally and the volatility
in the capital markets, as well as the general negative impact of the COVID-19 outbreak on the logistics and freight forwarding industry,
we cannot assure you that we will be able to maintain the growth rate we have experienced or projected.

Risks Related to Doing Business in
Hong Kong

All of our operations are in Hong
Kong, a special administrative region of the PRC. Due to the long-arm provisions under the current PRC laws and regulations, the Chinese
government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations
at any time, which could result in a material change in our operations and/or the value of