Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 132

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 132
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                            Existing Relationship                         
  Panaicia Pty Ltd          Sole director and sole shareholder is one of  
  Prezario UNO Pty Ltd      Sole shareholder is the spouse of one of the  
  Mr. Chun Lin Yau          Father of one of the shareholders, Mr. Wai    
  Ms. Lai Ching Ng          Mother of one of the shareholders, Mr. Wai    

  Interests               

Not applicable.

ITEM 8. FINANCIAL
INFORMATION

  Consolidated                                

We have appended consolidated
financial statements filed as part of this annual report.

Legal Proceedings

We are currently not
a party to any material legal or administrative proceedings. We may from time to time be subject to various legal or administrative claims
and proceedings arising in the ordinary course of business. Litigation or any other legal or administrative proceeding, regardless of
the outcome, is likely to result in substantial cost and diversion of our resources, including our management’s time and attention.

Dividend Policy

We currently intend
to retain all available funds and future earnings, if any, for the operation and expansion of our business, and we do not anticipate
declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at
the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual
requirements, business prospects, other factors the board of directors deems relevant, and subject to the restrictions contained in any
future financing instruments.

During the years ended
September 30, 2022, 2023 and 2024, Globavend Holdings and Globavend BVI have not distributed any cash dividends or made any other cash
distributions. During the year ended September 30, 2024, Globavend HK has not declared any cash dividends or made any other cash distributions
to our Controlling Shareholder. During the year ended September 30, 2023, Globavend HK declared cash dividends in the amount of US$1,474,359
(equivalent to HK$11,500,000) to our Controlling Shareholder. During the year ended September 30, 2022, Globavend HK declared dividends
in the amount of US$1,597,909 (equivalent to HK$12,463,692) to our Controlling Shareholder, in which the amount of US$1,244,502 (equivalent
to HK$9,707,