Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 35

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 35
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.4% of our total issued and outstanding Shares, representing approximately 76.4% of the total voting power. As a result, we may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.

| 10 |

For so long as we are a controlled company under that definition, we are permitted to elect to rely, and may rely, on certain exemptions from corporate governance rules, including:

| ● | an                                                                                                                                   
 exemption from the rule that a majority of our board of directors must be independent directors;                                     |
| ● | an                                                                                                                                   
 exemption from the rule that the compensation of our chief executive officer must be determined or recommended solely by independent 
 directors; and                                                                                                                       |
| ● | an                                                                                                                                   
 exemption from the rule that our director nominees must be selected or recommended solely by independent directors.                  |

As a result, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Although we do not intend to rely on the “controlled company” exemption under the Nasdaq listing rules, we could elect to rely on this exemption. If we elected to rely on the “controlled company” exemption, a majority of the members of our board of directors might not be independent directors and our nominating and corporate governance and compensation committees might not consist entirely of independent directors. See “ Risk Factors — Risks Related to Our Ordinary Shares and This Offering — As a “controlled company” under the rules of Nasdaq, we may choose to exempt our Company from certain corporate governance requirements that could have an adverse effect on our public shareholders.”

<div align='center'>Implications of Being an Emerging Growth Company and a Foreign Private Issuer</div>

As a company with less than US$1.235 billion in revenue during our last fiscal year, we qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act (the “JOBS Act”), enacted in April 2012, and may take advantage of reduced reporting requirements that are otherwise applicable to public companies. These provisions include, but are not limited to:

| ● | being                                                                                                                                  
 permitted to present only two years of audited financial statements and only two years of related Management’s Discussion and          
 Analysis of Financial Condition and Results of Operations in our filings with the SEC;                                                 |
| ● | not                                                                                                                                    
 being required to comply with the auditor attestation requirements in the assessment of our internal control over financial reporting; |
| ● | reduced                                                                                                                                
 disclosure obligations regarding executive