Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 14

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 14
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, our Ordinary
Shares may be prohibited from trading on a national exchange or over-the-counter market under the Holding Foreign Companies Accountable
Act (the “HFCA Act”) if the Public Company Accounting Oversight Board (United States) (the “PCAOB”) is unable
to inspect our auditors for two consecutive years. Pursuant to the HFCA Act, the PCAOB issued a Determination Report on December 16, 2021
which found that the PCAOB is unable to inspect or investigate completely registered public accounting firms headquartered in: (i) mainland
China and (ii) Hong Kong; and such report identified the specific registered public accounting firms which are subject to
these determinations. On August 26, 2022, the PCAOB signed a Statement of Protocol with the CSRC and China’s Ministry of Finance
(the “PRC MOF”) in respect of cooperation on the oversight of PCAOB-registered public accounting firms based in mainland China
and Hong Kong. Pursuant to the Statement of Protocol, the PCAOB conducted inspections on select registered public accounting firms subject
to the Determination Report in Hong Kong between September 2022 and November 2022. On December 15, 2022, the PCAOB board announced that
it has completed the inspections, determined that it had complete access to inspect or investigate completely registered public accounting
firms headquartered in mainland China and Hong Kong, and voted to vacate the Determination Report. Our auditor, ZH CPA, LLC, the independent
registered public accounting firm that issued the audit report included in this prospectus, as an auditor of companies that are traded
publicly in the United States and a firm registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB
conducts regular inspections to assess ZH CPA, LLC’s compliance with applicable professional standards. ZH CPA, LLC is headquartered
in Denver, Colorado, and can be inspected by the PCAOB. ZH CPA, LLC was not identified in the Determination Report as a firm subject to
the PCAOB’s determination. Notwithstanding the foregoing, in the event that, in the future, the PCAOB determines that it is not
able to fully conduct inspections of our auditor for three consecutive years, or the PCAOB re-evaluates its determination as a result
of any obstruction with the implementation of the Statement of Protocol in the future, trading of our securities on a national securities
exchange or in the over-the counter market