Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 147

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 147
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ident or foreign
shareholders to hold or exercise voting rights on our shares. In addition, there are no provisions in our Memorandum and Articles governing
the ownership threshold above which shareholder ownership must be disclosed.

  Material   

We have not entered into any
material contracts other than in the ordinary course of our business and other than those described under“ Item 4. Information
on the Company - B. Business Overview - (ii) Block Space arrangements,” “ Item 7. Major Shareholders and Related
Party Transactions”or elsewhere in this annual report.

  Exchange  
  Controls  
 ────────────

There are currently
no exchange control regulations in the Cayman Islands applicable to us or our shareholders.

  Taxation  

The following is
a discussion on certain Cayman Islands and Hong Kong income tax consequences of an investment in the Ordinary Shares. The discussion
is a general summary of present law, which is subject to prospective and retroactive change. It is not intended as tax advice, does not
consider any investor’s particular circumstances, and does not consider tax consequences other than those arising under Cayman
Islands and Hong Kong laws.

Cayman Islands Taxation

The Cayman Islands
currently levy no taxes on individuals or corporations based upon profits, income, gains or appreciations and there is no taxation in
the nature of inheritance tax or estate duty. There are no other taxes likely to be material to our Company levied by the Government
of the Cayman Islands save for certain stamp duties which may be applicable, from time to time, on certain instruments. No stamp duty
is payable in the Cayman Islands on transfers of shares of Cayman Islands companies save for those which hold interests in land in the
Cayman Islands. There are no exchange control regulations or currency restrictions in effect in the Cayman Islands.

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  Table of Contents  

We have received
an undertaking from the Governor in Cabinet of the Cayman Islands to the effect that, for a period of 20 years from the date of the undertaking,
no law that thereafter is enacted in the Cayman Islands imposing any tax or duty to be levied on profits, income, gains or appreciations
shall apply to our Company or its operations; and that no tax to be levied on profits, income, gains or appreciations or which is in
the nature of estate duty or inheritance tax shall be payable (a) on or in respect of the shares, debentures or other obligations of
our Company