Company: GVH
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001213900-25-058674
Chunk: 33

Company: Globavend Holdings Ltd
Filing Date: 2025-06-27
Form: 424B4
Chunk 33
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, as approved by the State Council, released the Trial Measures for Administration
of Overseas Securities 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 and our subsidiaries are incorporated in Hong Kong, the
British Virgin Islands and operate in Hong Kong without any subsidiary or VIE structure in mainland China, 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 our Ordinary Shares on a U.S. or other foreign
exchange. There remains significant uncertainty in the interpretation and enforcement of relevant PRC cybersecurity laws and regulations.
If the CSRC Filing Rules become