Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 224

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 19
Chunk 224
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                    762,821                          -  
  Ordinary shares issued for settlement of deferred financing costs                                                -                          -                    364,286  

  F-6  

  Table of Contents  

GLOBAVEND HOLDINGS LIMITED

NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND PRINCIPAL
ACTIVITIES

  (a)      Organization  

Globavend Holdings Limited (the “ Company”)
was incorporated under the laws of the Cayman Islands on May 22, 2023, which is a holding company with operations conducted by the operating
subsidiary in Hong Kong.

On May 24, 2023, Globavend Associates
Limited (“ Globavend BVI”) was incorporated under the laws of the British Virgin Islands. Globavend BVI is a wholly owned
subsidiary of the Company, which was incorporated for the purposes of acting as intermediary holding companies of the Company’s
operating entity.

Globavend (HK) Limited (“ Globavend
HK”) was incorporated under the laws of Hong Kong and commenced its operations since June 2016. Globavend HK provides integrated
cross-border logistics services and air freight forwarding services with business spans Hong Kong, Australia and New Zealand.

Globavend Warehouse Limited (“ Globavend
Warehouse”) was incorporated under the laws of Hong Kong in September 2024. Globavend Warehouse was inactive during the reporting
period.

  (b)      Principal activities  

The Company and its subsidiaries engage
in provision of integrated cross-border logistics services and air freight forwarding services with networks across Hong Kong, Australia
and New Zealand. The Company conduct its operations through its subsidiary in Hong Kong (the “operating subsidiary”).

The operating subsidiary mainly provides
air freight forwarding services and integrated cross-border logistics services, which is one-stop logistics services including the provision
of supporting transportation for freight forwarding purpose, storage of consignment, labelling of consignments, other related logistic
services for freight forwarding purpose, freight management services, and delivery at destination.

Generally, the Company’s services
are divided into integrated cross-border logistics services and air freight forwarding services.

The followings are the consolidated entities:

SCHEDULE
OF CONSOLIDATED MAJOR SUBSIDIARIES

  Name                                                   Place of                             Principal activities                                                                         
                                                                                                                                                                                           
                                                         Incorporation                                                                                                                     
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