Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 37

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 37
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surveillance or cyber-enabled capabilities. Major market disruptions and adverse changes in market conditions and uncertainty in the
regulatory climate worldwide may adversely affect our business and industry or impair our ability to borrow or make any future financial
arrangements. The credit and financial markets have experienced extreme volatility and disruptions due to the current conflict between
Ukraine and Russia, and the uncertain resolution of this conflict could result in protracted and/or severe damage to the global economy.
The conflict is expected to have further global economic consequences, including, but not limited to, the possibility of severely diminished
liquidity and credit availability, declines in consumer confidence, declines in economic growth, increases in inflation rates, and uncertainty
about economic and political stability. The extent and duration of the military action, sanctions, and resulting market disruptions are
impossible to predict, but they could be substantial, even though we do not have any direct exposure to Russia or the adjoining geographic
regions. Prolonged unrest, intensified military activities, or more extensive sanctions impacting the region could have a material adverse
effect on the global economy, and such effect could, in turn, have a material adverse effect on the business outlook of our business.

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Compliance with Hong Kong’s
Personal Data (Privacy) Ordinance and any such other existing or future data privacy related laws, regulations and governmental orders
may entail significant expenses and could materially affect our business.

Although we are not
subject to cybersecurity review by the CAC nor any other PRC authorities for this Offering or required to obtain regulatory approval
regarding the data privacy and personal information requirements from the CAC nor any other PRC authorities for our and our subsidiaries’
operations Hong Kong, because all of our operations take place in Hong Kong, we are subject to a variety of laws and other obligations
regarding data privacy and protection in Hong Kong.

In particular, the
Personal Data (Privacy) Ordinance (Chapter 486 of the laws of Hong Kong) (the “ PDPO” or the “ Personal Data (Privacy)
Ordinance”) imposes a duty on any data user who, either alone or jointly with other persons, controls the collection, holding,
processing or use of any personal data which relates directly or indirectly to a living individual and can be used to identify that individual.
Under the PDPO, data users shall take all practicable steps to protect the personal data they hold from any unauthorized or accidental
access, processing, erasure, loss, or use. Once