Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 23

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 23
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of the legislation of the SNSO on Hong Kong or our business in Hong Kong. However, in any event, since all of our operations are based
in Hong Kong, any change of the political arrangements between Hong Kong and the PRC may pose an adverse impact to the stability of the
economy in Hong Kong, thereby directly and adversely affecting our results of operations and financial positions. Additionally, intellectual
property rights and confidentiality protections in Hong Kong may not be as effective as in the United States or other countries. Accordingly,
we cannot predict the effect of future developments in the Hong Kong legal system, including the promulgation of new laws, changes to
existing laws or the interpretation or enforcement thereof, or the pre-emption of local regulations by national laws. These uncertainties
could limit the legal protections available to us, including our ability to enforce our agreements with our customers.

If the PRC were to,
in fact, renege on its agreement to allow Hong Kong to function autonomously, this could potentially impact Hong Kong’s common
law legal system and may, in turn, bring about uncertainty in, for example, the enforcement of our contractual rights. Accordingly, we
cannot predict the effect of future developments in the Hong Kong legal system, including the promulgation of new laws, changes to existing
laws or the interpretation or enforcement thereof, or the preemption of local regulations by national laws. These uncertainties could
limit the legal protections available to you.

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  Table of Contents  

Uncertainties regarding the interpretation
and enforcement of PRC laws, rules, and regulations, which could change at any time with little advance notice, could limit the legal
protections available to us.

The PRC legal system
is based on written statutes and prior court decisions have limited value as precedents. Since the PRC legal system continues to rapidly
evolve, the interpretations of many laws, regulations, and rules, which could change at any time with little advance notice, are not
always uniform, and enforcement of these laws, regulations, and rules involves uncertainties.

We may have to resort
to administrative and court proceedings to enforce our legal rights from time to time. However, since PRC administrative and court authorities
have significant discretion in interpreting and implementing statutory and contractual terms, it may be more difficult to evaluate the
outcome of administrative and court proceedings and the level of legal protection we enjoy than in more developed legal systems. Furthermore,
the PRC legal system is based partly on government policies and