Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 204

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 10
Chunk 204
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ITEM 10. ADDITIONAL
INFORMATION

  Share    

Not applicable.

  Memorandum                   

We are a Cayman Islands
exempted company and our affairs are governed by our Memorandum and Articles and the Companies Act. The following are summaries of material
provisions of the Memorandum and Articles, as well as the Companies Act insofar as they relate to the material terms of our Ordinary
Shares.

  82  

  Table of Contents  

Objects of Our
Company. Under our Memorandum and Articles, the objects of our company are unrestricted, and we are capable of exercising all the
functions of a natural person of full capacity irrespective of any question of corporate benefit, as provided by section 27(2) of the
Companies Act.

Ordinary Shares.
Our ordinary shares are issued in registered form and are issued when registered in our register of members. We may not issue shares
to bearer. Our shareholders who are non-residents of the Cayman Islands may freely hold and vote their shares.

Dividends.
The holders of our ordinary shares are entitled to such dividends as may be declared by our board of directors. Our Memorandum and Articles
provide that dividends may be declared and paid out of the funds of our company lawfully available therefor. Under the laws of the Cayman
Islands, our company may pay a dividend out of either profit or share premium account; provided that in no circumstances may a dividend
be paid out of our share premium if this would result in our company being unable to pay its debts as they fall due in the ordinary course
of business.

Voting Rights.
Voting at any meeting of shareholders is by show of hands unless a poll is demanded. A poll may be demanded by:

  the chairperson of such meeting;                                                                                                          
  by at least three shareholders present in person or by proxy for the                                                                      
  by shareholder(s) present in person or by proxy representing not less                                                                     
  by shareholder(s) present in person or by proxy and holding shares                                                                        

An ordinary resolution
to be passed at a meeting by the shareholders requires the affirmative vote of a simple majority of the votes attaching to the ordinary
shares cast at a meeting, while a special resolution requires the affirmative vote of no less than two-thirds of the votes cast attaching
to the issued and outstanding ordinary shares at a meeting. A special resolution will be required for important matters such as a change
of name, making changes to our Memorandum and Articles, a reduction of our share capital