Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 29

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 29
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 practice of collecting and processing personal information may be ordered
to be rectified or terminated by regulatory authorities. In the event of a failure to comply, we may become subject to fines and other
penalties that may have a material adverse effect on our business, operations, and financial condition; may hinder our ability to offer
or continue to offer Ordinary Shares to investors; and may cause the value of our Ordinary Shares to significantly decline or be worthless.

Although the audit report included
in this annual report is prepared by U. S. auditors who are currently inspectable by the PCAOB, there is no guarantee that future audit
reports will be issued by auditors inspectable by the PCAOB, and, as such, in the future, investors may be deprived of the benefits of
the PCAOB inspection program. Furthermore, trading in our securities may be prohibited under the HFCA Act if the SEC subsequently determines
our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely, and as a result, U. S. national
securities exchanges, such as the Nasdaq, may determine to delist our securities. Furthermore, on December 29, 2022, the Accelerating
Holding Foreign Companies Accountable Act was enacted, which amended the HFCA Act by requiring the SEC to prohibit an issuer’s
securities from trading on any U. S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead
of three and, thus, reduced the time before our Ordinary Shares may be prohibited from trading or delisted.

As an auditor of companies
that are registered with the SEC and publicly traded in the United States and a firm registered with the PCAOB, ZH CPA, LLC is required
under the laws of the United States to undergo regular inspections by the PCAOB to assess their compliance with the laws of the United
States and professional standards. ZH CPA, LLC is currently inspectable by the PCAOB, and we have no operations in mainland China. However,
if there is significant change to current political arrangements between mainland China and Hong Kong, companies operated in Hong Kong
like us may face similar regulatory risks as those operated in mainland China, and we cannot assure you that our current auditor’s
work will continue to be able to be inspected by the PCAOB.

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As part of a continued
regulatory focus in the United States on access to audit and other information currently protected by national law