Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 92

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 92
---
 airport and aircraft
operators, are responsible for delivering security on a day-to-day basis.

Aviation Security Law in New Zealand

New Zealand is also
a signatory state of the CICA. The Civil Aviation Act 1990 governs New Zealand’s civil aviation system and sets the overall framework
for aviation safety, security and economic regulation. The Airport Authorities Act 1966 gives airport authorities a range of functions
and powers to establish and operate airports. On April 5, 2023, the Civil Aviation Bill received Royal assent and became the Civil Aviation
Act 2023. The new Act will be in force from April 5, 2025.

  53  

  Table of Contents  

  Organizational Structure  
 ────────────────────────────

The following diagram
illustrates our corporate structure, including our principal subsidiaries, consolidated affiliated entities and subsidiaries of consolidated
affiliated entities as of the date of this annual report:

The charts below
illustrate our corporate structure and identifies our subsidiaries as of the date of this annual report:

  Mr. Wai Yiu Yau                                                                                                        
                                    100%                                                                                 
  Globavend Investment Limited                                                              Other                        
                                    76.7%                                                   23.3%                        
                                    (11,444,790 Ordinary Shares)      (3,414,333                                         
                                    Globavend Holdings Limited                                                           
                                                                      100%                                               
                                    Globavend Associates Limited                                                         
                                    100%                                                    100%                         
  Globavend (HK) Limited                                                                    Globavend Warehouse Limited  

  Name                                                                                             Ownership                         
  Globavend BVI            A BVI company                                                           100% owned by Globavend Holdings  
                           Incorporated on May 24, 2023                                                                              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                           Issued share capital of US$2.00                                                                           
                           Intermediate holding company                                                                              
  Globavend HK             A Hong Kong company                                                     100% owned by Globavend BVI       
                           Incorporated on June 27, 2016                                                                             
                           Issued share capital of HK$1,000,000                                                                      
                           Engaged in the provision of cross-border logistics and air-freight                                        
  Globavend Warehouse      A Hong Kong company                                                     100% owned by Globavend BVI       
                           Incorporated on September 24, 2024                                                                        
                           Issued share capital of HK$1                                                                              
                           Investment holding