Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 37

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 37
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 the registration
statement of which this prospectus forms a part, as an auditor of companies that are traded publicly in the United States and a
firm registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB conducts regular
inspections to assess our auditor’s compliance with the applicable professional standards. ZH CPA, LLC is headquartered in
Denver, Colorado, and can be inspected by the PCAOB. As of the date of this prospectus, our auditor is not subject to the
determinations announced by the PCAOB on December 16, 2021 in mainland China or Hong Kong because of a position taken by
one or more authorities in the PRC or Hong Kong.

On August 26, 2022,
the SEC issued a statement announcing that the PCAOB signed a Statement of Protocol with the CSRC and the Ministry of Finance of the PRC
governing inspections and investigations of audit firms based in mainland China and Hong Kong. Pursuant to the Statement of Protocol,
the PCAOB has independent discretion to select any issuer audits for inspection or investigation and has unfettered ability to transfer
information to the SEC. According to the PCAOB, its December 2021 determinations under the HFCA Act remain in effect.

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On December 15, 2022, the PCAOB Board determined that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities obstruct or otherwise fail to facilitate the PCAOB’s access in the future, the PCAOB Board will consider the need to issue a new determination. On December 29, 2022, the Consolidated Appropriations Act, 2023 (the “CAA”) was signed into law by President Biden. The CAA contained, among other things, an identical provision to the AHFCAA, which reduces the number of consecutive non-inspection years required for triggering the prohibitions under the HFCA Act from three years to two. Implications of Being a Controlled Company We are a “controlled company” as defined under the Nasdaq Stock Market Rules because, as of the date of this prospectus, our Controlling Shareholder owns approximately 3.76% of our total issued and outstanding Shares, representing approximately 98.50% of the total voting power. As a result, we may rely on exemptions from certain