Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 63

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 63
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 together with the Commitment Shares. Sales of substantial amounts of our
Ordinary Shares in the public market, or the perception that such sales might occur, could adversely affect the market price of our Ordinary
Shares. We cannot predict if and when the Investor may sell such shares in the public markets. Furthermore, in the future, we may issue
additional Ordinary Shares or other equity or debt securities convertible into Ordinary Shares. Any such issuance could result in substantial
dilution to our existing shareholders and could cause our share price to decline.

We may use proceeds from sales
of the ELOC Shares made pursuant to the ELOC Purchase Agreement in ways with which you may not agree or in ways which may not yield a
significant return.

We will have broad
discretion over the use of proceeds from sales of the ELOC Shares made pursuant to the ELOC Purchase Agreement, and you will not have
the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately. However, we have not
determined the specific allocation of any net proceeds among these potential uses, and the ultimate use of the net proceeds may vary
from the currently intended uses. The net proceeds may be used for corporate purposes that do not enhance our operating results or the
value of our Ordinary Shares.

ITEM 4. INFORMATION
ON THE COMPANY

  History                         

We commenced operation
in June 2016 with the establishment of Globavend HK, a company incorporated under the laws of Hong Kong on June 27, 2016 Immediately
before the reorganization in contemplation of our initial public offering, Globavend HK was wholly-owned by Mr. Wai Yiu Yau, our Controlling
Shareholder.

On May 22, 2023, our
ultimate holding company, Globavend Holdings was incorporated under the laws of the Cayman Islands as an exempted company with limited
liability, with an authorized share capital of US$50,000 divided into 50,000,000 ordinary shares, par value US$0.001, with 13,125,000
Ordinary Shares issued and allotted to Globavend Investments Limited (“ Globavend Investments”), a company incorporated under
the laws of the BVI, and wholly-owned by our Controlling Shareholder.

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On May 24, 2023,
Globavend Associates Limited (“ Globavend BVI”) was incorporated under the laws of the British Virgin Islands.