Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 95

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 95
---
 that are reliant
on the transportation of goods and materials, such as our Company, which relies on transportation services from our suppliers, may suffer
from plant closures and supply shortages across the extended supply network.

Furthermore, our business
may be adversely affected if concerns relating to COVID-19 continue to restrict travel, or result in the Company’s personnel, vendors,
and services providers being unavailable to pursue their business objectives free of COVID-19 related restrictions. The extent to which
COVID-19 impacts our business in the future will depend on future developments, which are highly uncertain and cannot be predicted, including
new information that may emerge concerning the severity of COVID-19 and the actions to contain COVID-19 or treat its impact, among others.
If the disruptions posed by COVID-19 or other matters of global concerns continue for an extended period of time, our ability to pursue
our business objectives may be materially adversely affected. In addition, our ability to raise equity and debt financing, which may
be adversely impacted by COVID-19 and other events, including as a result of increased market volatility, decreased market liquidity
and third-party financing became unavailable on terms acceptable to us or at all.

Any future impact
on our results of operations will depend on, to a large extent, future developments and new information that may emerge regarding the
duration and severity of the COVID-19 pandemic and the actions taken by government authorities and other entities to contain the spread
or treat its impact, almost all of which are beyond our control. Given the general slowdown in economic conditions globally and volatility
in the capital markets, as well as the general negative impact of the COVID-19 outbreak on the logistics and freight forwarding industry,
we cannot assure you that we will be able to maintain the growth rate we have experienced or projected. However, we note that the government
authorities have gradually uplifted the preventive measures in relation to the COVID-19. For instance, on January 30, 2023, the Hong
Kong government has ceased to issue any isolation orders to COVID-19 infectants. On May 5, 2023, the World Health Organization (WHO)
announced that COVID-19 no longer constitutes a public health emergency of international concern (PHEIC). On May 30, 2023, the Hong Kong
government has lowered the response level of COVID-19 from emergency level to alert level. The adverse effects of COVID-19 started to
diminish in 2023. There was no significant impact on the Company