Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 22

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 22
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 HK. If our HK Subsidiaries, including our existing operating subsidiary Globavend HK, or any newly formed ones
incur debt on their own behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us.

<div align='center'>Transfers of Cash To and From Our Subsidiaries</div>

Our
management monitors the cash position of our HK Subsidiaries regularly and prepares budgets on a monthly basis to ensure they
have the necessary funds to fulfill their obligations for the foreseeable future and to ensure adequate liquidity. In the
event that there is a need for cash or a potential liquidity issue, it will be reported to our Chief Financial Officer and subject to
approval by our board of directors.

The
ability of Globavend Holdings to transfer cash to its subsidiaries is subject to the due corporate authorization in accordance with the
Memorandum and Articles of Association of Globavend Holdings and Globavend Holdings being solvent and able to pay its debts. Globavend
Holdings is permitted under the laws of the Cayman Islands and its Memorandum and Articles of Association (as amended from time to time)
to provide funding to our subsidiaries incorporated in the BVI and Hong Kong through loans or capital contributions. Globavend Holdings’
subsidiary formed under the laws of the BVI is permitted under the laws of the BVI to provide funding to our HK Subsidiaries, including
our Hong Kong operating subsidiary Globavend HK, subject to certain restrictions laid down in the BVI Business Companies Act (as amended)
and memorandum and articles of association of the relevant Globavend Holdings’ subsidiary incorporated under
the laws of the BVI.

The
ability of Globavend BVI, the direct subsidiary of Globavend Holdings, to transfer cash to Globavend Holdings is subject to the BVI Business
Companies Act (as amended), according to which, Globavend BVI may make dividends distribution to the extent that immediately after
the distribution, the value of the company’s assets exceeds its liabilities and that such company is able to pay its debts as they
fall due.

The
ability of our HK Subsidiaries to transfer cash to Globavend BVI is subject to the Companies Ordinance of Hong Kong, according to
which our HK Subsidiaries may only make a distribution out of profits available for distribution. We did not adopt or maintain any
cash management policies and procedures as of the date of this prospectus.