Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 16

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 16
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 of Globavend Holdings and Globavend Holdings being solvent and able to pay
its debts, Globavend Holdings is permitted under the laws of the Cayman Islands and its Memorandum and Articles of Association (as amended
from time to time) to provide funding to our subsidiaries incorporated in the BVI and Hong Kong through loans or capital contributions.
Globavend Holdings’ subsidiary formed under the laws of the BVI is permitted under the laws of the BVI to provide funding to our
HK Subsidiaries subject to certain restrictions laid down in the BVI Business Companies Act (as amended) and memorandum
and articles of association of the relevant Globavend Holdings’ subsidiary incorporated under the laws of the BVI.
As a holding company, Globavend Holdings may rely on dividends and other distributions on equity paid by its subsidiaries for its cash
and financing requirements. According to the BVI Business Companies Act (as amended), a BVI company may make dividends distribution to
the extent that immediately after the distribution, the value of the company’s assets exceeds its liabilities and that such company
is able to pay its debts as they fall due. According to the Companies Ordinance of Hong Kong, a Hong Kong company may only make a distribution
out of profits available for distribution. If any of Globavend Holdings’ subsidiaries incur debt on its own behalf in the future,
the instruments governing such debt may restrict their ability to pay dividends to Globavend Holdings. Additionally, as of the date of
this prospectus, there are no further BVI or Hong Kong statutory restrictions on the amount of funds which may be distributed by us by
dividend. However, in the future, funds may not be available to fund operations or for other use outside of Hong Kong, due to interventions
in, or the imposition of restrictions and limitations on, our ability or on our subsidiary’s ability by the PRC government to transfer
cash. Any limitation on the ability of our subsidiaries to make payments to us could have a material adverse effect on our ability
to conduct our business and might materially decrease the value of our Ordinary Shares or cause them to be worthless. For a more detailed
discussion of how the cash is transferred within our organization, see “Transfers of Cash to and from Our Subsidiaries”on page [4] and “Item 3. Key Information—D. Risk Factors — Risks Related to Our Ordinary Shares — We rely on dividends and other distributions on equity paid by our subsidiary to fund any cash