Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 11

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 11
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 requirements of the CSRC Filing Rules. While its HK
Subsidiaries have no current operations in China, should we have any future operations in China and should we (i) fail to receive
or maintain such permissions or approvals, (ii) inadvertently conclude that such permissions or approvals are not required, or (iii)
applicable laws, regulations, or interpretations change and require us to obtain such permissions or approvals in the future, we may
face sanctions by the CSRC, the CAC or other PRC regulatory agencies. These regulatory agencies may also impose fines and penalties on
our operations in China, limit our ability to pay dividends outside of China, limit our operations in China, delay or restrict the repatriation
of the proceeds from this Offering into China or take other actions that could have a material adverse effect on our business
as well as the trading price of our Ordinary Shares. We may be required to restructure our operations to comply with such regulations
or potentially cease operations in the PRC entirely. The CSRC, the CAC or other PRC regulatory agencies also may take actions requiring
us, or making it advisable for us, to halt this Offering before settlement and delivery of our Ordinary Shares. In addition, if
the CSRC, the CAC or other regulatory PRC agencies later promulgate new rules requiring that we obtain their approvals for this Offering,
we may be unable to obtain a waiver of such approval requirements, if and when procedures are established to obtain such a waiver.
Any action taken by the PRC government could significantly limit or completely hinder our operations in the PRC and our ability to offer
or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless.

Furthermore,
on July 10, 2021, the CAC issued a revised draft of the Measures for Cybersecurity Review for public comment, which required that, among
others, in addition to any “operator of critical information infrastructure”, any “data processor” controlling
personal information of no less than one million users which seeks to list in a foreign stock exchange should also be subject to cybersecurity
review, and further elaborated the factors to be considered when assessing the national security risks of the relevant activities. On
December 28, 2021, the CAC, the National Development and Reform Commission (“NDRC”), and several other administrations jointly
issued the revised Measures for Cybersecurity Review, which became effective and replaced the existing Measures for Cybersecurity Review
on February