Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 14

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 14
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 consumer tastes and preferences;
(ii) the selection, price, and popularity of products, as well as promotions that the e-commerce platforms offer online; (iii) whether
alternative retail channels or business models better address the needs of consumers; and (iv) the development of fulfillment, payment,
and other ancillary services associated with online purchases. A decline in the popularity of e-commerce may adversely affect the business
prospects of our customers, and ultimately, our revenue and business prospects may be adversely affected.

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We may be unable to successfully
implement our future business plans and objectives.

Our future business
plans may be hindered by factors beyond our control, such as competition within the industry we operate; our ability to cope with high
exposure to financial risk, operational risk, market risk, and credit risk as our business and customer base expands; and our ability
to provide, maintain, and improve the level of human and other resources in servicing our customers. As such, we cannot assure that our
future business plans will materialize, that our objectives will be accomplished fully or partially, or that our business strategies
will generate the intended benefits to us as initially contemplated. If we fail to implement our business development strategies successfully,
our business performance could be materially and adversely affected.

We may in the future
pursue acquisitions and joint ventures as part of our growth strategy. Any future acquisition or joint venture may result in exposure
to potential liabilities of the acquired companies and significant transaction costs, and it may also present new risks associated with
entering additional markets or offering new products or services and integrating the acquired companies or newly established joint ventures.
Moreover, we may not have sufficient management, financial, and other resources to integrate companies we acquire or to successfully
operate joint ventures, and we may be unable to profitably operate our expanded company structure. Additionally, any new business that
we may acquire or joint ventures we may form, once integrated with our existing operations, may not produce expected or intended results.

As we lease a number of properties
for our business operations, we are exposed to risks in relation to unpredictable and increasing rental and relocation costs.

Our office and warehousing
facilities are presently located on leased premises. At the end of each lease term, we may not be able to negotiate an extension of the
lease and may therefore be forced to move to a different location, or the rent we pay may increase significantly. In the event that our
rental expenses for our office