Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 27

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 27
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ends cannot be paid out of share capital. There are no restrictions
or limitation under the laws of Hong Kong imposed on the conversion of the HK dollar into foreign currencies and the remittance of
currencies out of Hong Kong, nor is there any restriction on foreign exchange to transfer cash between Globavend Holdings and its
subsidiaries, across borders and to U.S. investors, nor are there any restrictions and limitations to distribute earnings from our
business and subsidiaries to Globavend Holdings and U.S. investors and amounts owed. Under the current practice of the Inland Revenue
Department of Hong Kong, no tax is payable in Hong Kong with respect to dividends paid by us. Further, there are no restrictions
or limitation under the laws of Hong Kong imposed on the conversion of HK$ into foreign currencies and the remittance of currencies
out of Hong Kong or across borders and to U.S. investors. Any limitation on the ability of our subsidiary 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. Currently, all of our operations are in Hong Kong through our HK Subsidiaries. We do not have
or intend to set up any subsidiary or enter into any contractual arrangements to establish a variable interest entity (“VIE”)
structure with any entity in mainland China. 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 of the Hong Kong Special Administrative Region of the People’s
Republic of China, or the Basic Law, providing 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.” The PRC laws and
regulations 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. However, the Chinese government may, in the future, impose restrictions
or limitations on our ability to transfer money out of Hong Kong, to distribute earnings and pay dividends to and from the other
entities within our organization, or to reinvest in our business outside of Hong Kong. Such restrictions and limitations, if imposed
in the future, may delay or hinder the expansion of our business outside of Hong Kong and may affect our ability to