Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 27

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 27
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VI 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.

The ability of our HK Subsidiaries
to transfer cash to Globavend BVI is subject to the Companies Ordinance of Hong Kong, according to which our HK Subsidiaries may
only make a distribution out of profits available for distribution. We did not adopt or maintain any cash management policies and procedures
as of the date of this prospectus.

Currently, all of our operations
are in Hong Kong. Hong Kong is a special administrative region of the PRC and the basic policies of the PRC regarding Hong Kong
are reflected in the Basic Law. The arrangement provides Hong Kong with a high degree of autonomy and executive, legislative and
independent judicial powers, including that of final adjudication under the principle of “one country, two systems” and a
distinct set of laws and regulations. The laws and regulations of mainland China do not currently have any material impact on any transfer
of cash from Globavend Holdings to our HK Subsidiaries, or from our HK Subsidiaries to Globavend Holdings and the investors in the U.S.

During the years ended
September 30, 2022, 2023 and 2024, Globavend Holdings, Globavend BVI and Globavend Warehouse have not distributed any cash dividends
or made any other cash distributions. During the years ended September 30, 2024, Globavend HK has not distributed any cash dividends
or made any other cash distributions. 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, of which the amount
of US$1,244,502 (equivalent to HK$9,707,117) has been distributed as cash dividends and the remaining amount was offset with the entire
amount due to our Controlling Shareholder.

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We currently intend to retain
all available funds and future earnings, if any