Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 11

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 11
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technology systems.

We may not be able to meet the
delivery schedule of our customers and may experience loss of revenue.

Once we accept orders
from our customers, we are committed to delivering our customers’ products to their clients within the agreed schedule. If a possible
delay in delivery schedule is anticipated, due to transport and shipping disruptions; delay in the cargo consolidation process; disruptions
in our suppliers’ operations such as equipment breakdowns, power failures, severe weather conditions, or epidemic disease; and/or
other factors beyond our control, we would take proactive actions such as timely negotiation with our customers for adjusting schedules
and making delivery by expedited methods. We may incur additional expenses or have to offer additional discounts to our customers as
a result of such remedial measures. When such delays occur, we may also experience a loss of revenue and, in the worst-case scenario,
our customers may cancel the order. As of the date of this annual report, we have not experienced any delay that led to material cancellation
of orders from our customers.

There is no assurance that we can
maintain the qualifications, licenses, and registrations for the operation as an air freight forwarder.

It is essential to
our operation as an air freight forwarder for us to maintain certain qualifications, licenses, and registrations. To maintain such qualifications,
licenses, or registrations, we must comply with the relevant requirements imposed by the International Air Transport Association (“IATA”).

Further, the standards
of compliance required may from time to time be subject to changes without substantial advance notice. We cannot assure you that all
of the required qualifications, licenses, and registrations can be maintained or renewed in a timely manner or at all. If we fail to
comply with any of the relevant requirements, our qualifications, licenses, or registrations could be temporarily suspended or revoked,
or the renewal of our qualifications, licenses, or registrations upon expiry of their original terms may be delayed or refused. In such
circumstances, our capability to undertake relevant work may be directly impacted, and our business may be materially and adversely affected.

We have a substantial customer
concentration, with a limited number of customers accounting for a substantial portion of our revenues during the years ended September
30, 2022, 2023 and 2024.

We derive a significant
portion of our revenues from a few major customers. For the year ended September 30, 2022, three customers accounted for 19.3%, 16.4%,
and 15.