Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 119

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 119
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 Mr. Wai Yiu Yau, the director of the Company, and secured by bank deposit from time to time charged in the bank’s
favor. The outstanding principal as at September 30, 2024 is nil.

In long run, if we
need additional capital in the future to fund our continued operations and that our cash requirements exceed the amount of cash and cash
equivalents we have on hand at that time, we may seek to issue equity or debt securities or obtain credit facilities. The issuance and
sale of additional equity or convertible loans would result in dilution to our shareholders. The occurrence of indebtedness would result
in increased fixed obligations and could result in operating covenants that might restrict our operations. We cannot assure you that
financing will be available in amounts or on terms acceptable to us, if at all.

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  Table of Contents  

  Research and development, patents and licenses, etc.  
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See“ Item
4. Information on the Company - B. Business Overview - Information Technology Infrastructure.”

  Trend Information  
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Other than as disclosed
elsewhere in this annual report, we are not aware of any trends, uncertainties, demands, commitments or events for the period from October
1, 2023 to September 30, 2024 that are reasonably likely to have a material and adverse effect on our net revenues, income, profitability,
liquidity or capital resources, or that would cause the disclosed financial information to be not necessarily indicative of future results
of operations or financial conditions.

  Critical Accounting Estimates  
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Our significant accounting
policies and their effect on our financial condition and results of operations are fully disclosed in our consolidated financial statements
included elsewhere in this annual report. We have prepared our consolidated financial statements in conformity with U. S. GAAP, which
requires management to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying
notes. These estimates are prepared using our best judgment, after considering past and current events and economic conditions. While
management believes the factors evaluated provide a meaningful basis for establishing and applying sound accounting policies, management
cannot guarantee that the estimates will always be consistent with actual results. In addition, certain information relied upon by us
in preparing such estimates includes internally generated financial and operating information and external market information. Actual
results may differ from these estimates.

We consider an accounting
estimate to