Company: GVH
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001213900-25-058674
Chunk: 12

Company: Globavend Holdings Ltd
Filing Date: 2025-06-27
Form: 424B4
Chunk 12
---
 for a cybersecurity review. Based on a set of Q&A published on the official website of the State
Cipher Code Administration in connection with the issuance of the Revised Review Measures, an official of the said administration
indicated that an online platform operator should apply for a cybersecurity review prior to the submission of its listing
application with non-PRC securities regulators. Moreover, the CAC released the draft of the Regulations on Network Data Security
Management in November 2021 for public consultation, which among other things, stipulates that a data processor listed overseas
must conduct an annual data security review by itself or by engaging a data security service provider and submit the annual data
security review report for a given year to the municipal cybersecurity department before January 31 of the following year.
Given the recency of the issuance of the Revised Review Measures and their pending effectiveness, there is a general lack of
guidance and substantial uncertainties exist with respect to their interpretation and implementation. It remains unclear whether a
Hong Kong company which collects personal information from PRC individuals shall be subject to the Revised Review Measures. We
do not currently expect the Revised Review Measures to have an impact on our business, our operations or this Offering as we do not
believe that any of our HK Subsidiaries would be deemed to be an “operator of critical information infrastructure” or a
“data processor” controlling personal information of no less than one million users, that would be required to file for
cybersecurity review before listing in the U.S., because (i) each of our HK Subsidiaries is organized and operating in
Hong Kong and the Revised Review Measures remains unclear whether it shall be applied to Hong Kong companies;
(ii) each of our HK Subsidiaries operates without any subsidiary or VIE structure in China; (iii) as of date of this
prospectus, neither of our HK Subsidiaries has collected nor stored personal information of any PRC individual clients, which also
make up far less than one million users; and (iv) as of the date of this prospectus, neither of our HK Subsidiaries has been
informed by any PRC governmental authority of any requirement that it files for a cybersecurity review. However, there remains
significant uncertainty in the interpretation and enforcement of relevant PRC cybersecurity laws and regulations. If the Revised
Review Measures are adopted into law in the future and if any of our HK Subsidiaries is deemed to be an “operator of critical
information infrastructure