Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 102

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 102
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121-day period beginning 60 days before the ex-dividend date) and certain other requirements
are met. Each U.S. Holder is advised to consult its tax advisors regarding the availability of the reduced tax rate on dividends to its
particular circumstances. However, if we are a PFIC for the taxable year in which the dividend is paid or the preceding taxable year (see
discussion above under “PFIC Consequences”), we will not be treated as a qualified foreign corporation, and therefore, the
reduced capital gains tax rate described above will not apply.

Dividends will be included
in a U.S. Holder’s income on the date of the depositary’s receipt of the dividend. The amount of any dividend income paid
in Cayman Islands dollars will be the U.S. dollar amount calculated by reference to the exchange rate in effect on the date of receipt,
regardless of whether the payment is in fact converted into U.S. dollars. If the dividend is converted into U.S. dollars on the date of
receipt, a U.S. Holder should not be required to recognize foreign currency gain or loss with respect to the dividend income. A U.S. Holder
may have foreign currency gain or loss if the dividend is converted into U.S. dollars after the date of receipt.

A non-U.S. corporation (other
than a corporation that is classified as a PFIC for the taxable year in which the dividend is paid or the preceding taxable year) generally
will be considered to be a qualified foreign corporation with respect to any dividend it pays on Ordinary Shares that are readily tradable
on an established securities market in the United States.

Sale, Exchange or Other Disposition of Our Ordinary Shares

Subject to the discussion
above under “PFIC Consequences,” a U.S. Holder generally will recognize capital gain or loss for U.S. federal income tax purposes
upon the sale, exchange, or other disposition of our Ordinary Shares in an amount equal to the difference, if any, between the amount
realized (i.e., the amount of cash plus the fair market value of any property received) on the sale, exchange, or other disposition and
such U.S. Holder’s adjusted tax basis in the Ordinary Shares. Such capital gain or loss generally will be long-term capital gain
taxable at a reduced rate for non-corporate U.S. Holders or long-term capital loss if, on the date of sale, exchange, or other disposition,
the Ordinary Shares were held by the U.S.