Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 33

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 33
---
 Offerings and Listings by Domestic Companies and five interpretive guidelines (collectively, the “CSRC Filing
Rules”), which came into effect on March 31, 2023. Under the CSRC Filing Rules, a filing-based regulatory system shall be applied
to “indirect overseas offerings and listings” of PRC domestic companies, which refers to securities offerings and listings
in an overseas market made under the name of an offshore entity but based on the underlying equity, assets, earnings or other similar
rights of a domestic company that operates its main business domestically. The CSRC Filing Rules state that, any post-listing follow-on
offering by an issuer in the same overseas market, including issuance of shares, convertible notes and other similar securities, shall
be subject to filing requirement within three business days after the completion of the offering. We believe that we are not subject
to the CSRC Filing Rules because we are incorporated in the Cayman Islands, our subsidiaries (other than the PRC Subsidiary) are incorporated
in Hong Kong and the BVI and operate in Hong Kong without any subsidiary or VIE structure in mainland China, our PRC Subsidiary
is dormant and does not have operations, and we do not have any business operations or maintain any office or personnel in mainland China.
However, as the CSRC Filing Rules and the supporting guidelines are newly published, there exists uncertainty with respect to the implementation
and interpretation of the principle of “substance over form.” If our offering and listing is later deemed as “indirect
overseas offering and listing by companies in mainland China” under the CSRC Filing Rules, we may need to complete the filing procedures
for our offering and listing. If we are subject to the filing requirements, we cannot assure you that we will be able to complete such
filings in a timely manner or even at all. Since these statements and regulatory actions are new, it is highly uncertain how soon the
legislative or administrative regulation making bodies will respond or what existing or new laws or regulations or detailed implementations
and interpretations will be modified or promulgated, if any. It is also highly uncertain what the potential impact such modified or new
laws and regulations will have on Globavend Holdings’ daily business operations, its ability to accept foreign investments, and
the listing of its Ordinary Shares on a U.S. or other foreign exchange. There remains significant uncertainty in the interpretation
and enforcement of relevant PRC cybersecurity laws