Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 131

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 131
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note)                                                            -                  

                                         As of September 30,                                                  
                                         2022                                  2023      2024                 
                                         US$                                   US$       US$                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Accounts payable – related party:                                                                           
  Panaicia Pty Ltd                                                175,479                          1,563,137  
  Prezario UNO Pty Ptd                                            -                                   64,133  

                                 As of September 30,                                 
                                 2022                     2023      2024             
                                 US$                      US$       US$              
 ─────────────────────────────────────────────────────────────────────────────────────
  Amount due to a director:                                                          
  Mr. Wai Yiu Yau                                                             8,586  

Note: As of September 30, 2024, a deposit of $600,000 was
paid to Mr. Wai Yiu Yau, a director of the Company, for the Company’s exclusivity to acquire the warehouse and office at Tsuen
Wan Industrial Centre, of which an operating lease has been entered into with the Company. The deposit was refundable upon the termination
of arrangement. Imputed interest was calculated by interest rate of 3.375% over the lease term of 15 months.

Transactions with related parties

                                                             For the years ended September 30,                                                                   
                                                             2022                                                  2023                     2024                 
  Related Party             Nature of transaction            US$                                                   US$                      US$                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Panaicia Pty Ltd          Last mile carriage expenses                                             5,922,909                5,526,462                6,462,561  
  Prezario UNO Pty Ltd      Last mile carriage expenses                                             70,634                   632,613                  434,771    
  Mr. Wai Yiu Yau           Rental expense                                                          -                        -                        8,308      
  Mr. Wai Yiu Yau           Interest income                                                         -                        -                        5,030      
  Mr. Chun Lin Yau          Salary expenses                                                         16,769                   -                        -          
  Ms. Lai Ching Ng          Salary expenses                                                         16,769                   -                        -          

  80  

  Table of Contents  

Names and relationship of related
parties