Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 93

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 93
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 July 1, 2024 to September 30, 2024 and with a monthly rental fee of                
           USD3,462 from October 1, 2024 to September 30, 2025.                                                                                     
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ITEM 4A. UNRESOLVED
STAFF COMMENTS

Not applicable

ITEM 5. OPERATING
AND FINANCIAL REVIEW AND PROSPECTS

The following
management discussion and analysis of financial condition and results of operations contains forward-looking statements which involve
risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result
of certain factors, including those set forth under “ Item 3. Key Information - D. Risk Factors.” and elsewhere in this
annual report. We assume no obligation to update forward-looking statements or the risk factors. You should read the following discussion
in conjunction with our consolidated financial statements and related notes included elsewhere in this annual report.

  Operating Results  
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OVERVIEW

We are a holding company
incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary Globavend HK.

We are an established
emerging e-commerce logistics provider providing end-to-end supply chain solution in Hong Kong, Australia and New Zealand. We provide
integrated cross-border logistics services between Hong Kong, Australia and New Zealand, where we provide customers with a one-stop solution,
from parcel consolidation to air-freight forwarding, customs clearance, on-carriage parcel transportation and delivery. Our customers
are primarily enterprise customers, being e-commerce merchants, or operators of e-commerce platforms, in providing business-to-consumer
(B2C) transactions.

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  Table of Contents  

MAJOR FACTORS AFFECTING OUR FINANCIAL
RESULTS

The directors believe
that the following major factors may affect our revenues and results of operations:

Economic conditions in Hong Kong

During the years ended
September 30, 2022, 2023 and 2024, a large portion of our revenues was generated in Hong Kong. Accordingly, if Hong Kong experiences
any adverse economic, political or regulatory conditions due to events beyond our control, such as local economic downturn, natural disasters,
contagious disease outbreaks, terrorist attacks, or if the government adopts regulations that place restrictions or burdens on us or
on our industry in general, our business, financial