Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 125

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 125
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ited financial statements with management                                                  
  reviewing the adequacy and effectiveness of our accounting and internal                                             
  annually reviewing and reassessing the adequacy of our audit committee                                              
  meeting separately and periodically with management and the independent                                             
  monitoring compliance with our code of business conduct and ethics,                                                 
  reporting regularly to the board.                                                                                   

Compensation Committee

Our compensation committee
consists of Mr. Shin, Ms. Leng and Mr. Cheung, and is chaired by Mr. Shin. We have determined that each of these directors satisfies
the “independence” requirements of the Nasdaq Listing Rules. The compensation committee assists the board in reviewing and
approving the compensation structure, including all forms of compensation, relating to our directors and executive officers. Our chief
executive officer may not be present at any committee meeting during which their compensation is deliberated upon. The compensation committee
is responsible for, among other things:

  reviewing and approving, or recommending to the board for its approval,                                   
  reviewing and recommending to the board for determination with respect                                    
  reviewing periodically and approving any incentive compensation or                                        
  selecting a compensation consultant, legal counsel, or other adviser                                      

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  Table of Contents  

Nominating and Corporate Governance
Committee

Our nominating and
corporate governance committee consists of Mr. Shin, Ms. Leng and Mr. Cheung, and is chaired by Mr. Shin. We have determined that each
of these directors satisfies the “independence” requirements of the Nasdaq Listing Rules. The nominating and corporate governance
committee assists the board in selecting individuals qualified to become our directors and in determining the composition of the board
and its committees. The nominating and corporate governance committee is responsible for, among other things:

  recommending nominees to the board for election or re-election to the                                                                
  reviewing annually with the board the current composition of the board                                                               
  selecting and recommending to the board the names of directors to serve                                                              
  developing and reviewing the corporate governance principles adopted                                                                 
  evaluating the performance and effectiveness of the board as a whole.                                                                

Foreign Private Issuer Exemption

We are a “foreign
private issuer,” as defined under Rule 3b-4(c) of the Exchange Act. As a result, we are exempt from some of the requirements under
the Exchange Act applicable to domestic issuers, and in accordance with the rules and regulations of Nasdaq, we may choose to comply
with home