Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 90

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 90
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, our shareholders
are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

Removal of Directors.Under
the Delaware General Corporation Law, a director of a corporation with a classified board may be removed only for cause with the approval
of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Under our Articles,
subject to certain restrictions as contained therein, directors may be removed with or without cause, by an ordinary resolution of our
shareholders. An appointment of a director may be on terms that the director shall automatically retire from office (unless he has sooner
vacated office) at the next or a subsequent annual general meeting or upon any specified event or after any specified period in a written
agreement between the company and the director, if any; but no such term shall be implied in the absence of express provision. Under our
Articles, a director’s office shall be vacated if the director (i) becomes bankrupt or has a receiving order made against him
or suspends payment or compounds with his creditors; (ii) is found to be or becomes of unsound mind or dies; (iii) resigns his
office by notice in writing to the company; (iv) without special leave of absence from our board of directors, is absent from three
consecutive meetings of the board and the board resolves that his office be vacated; (v) is prohibited by law from being a director
or; (vi) is removed from office pursuant to the laws of the Cayman Islands or any other provisions of our Memorandum and Articles
of Association.

Transactions with Interested Shareholders.The Delaware General Corporation Law contains a business combination statute applicable to Delaware
corporations whereby, unless the corporation has specifically elected not to be governed by such statute by amendment to its certificate
of incorporation, it is prohibited from engaging in certain business combinations with an “interested shareholder” for three years
following the date that such person becomes an interested shareholder. An interested shareholder generally is a person or a group who
or which owns or owned 15% or more of the target’s outstanding voting share within the past three years. This has the effect
of limiting the ability of a potential acquirer to make a two-tiered bid for the target in which all shareholders would not be treated
equally. The statute does not apply if, among other things, prior to the date on which such shareholder becomes an interested shareholder,
the board of directors approves either the business combination