Company: GVH
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094769
Chunk: 60

Company: Globavend Holdings Ltd
Filing Date: 2025-10-01
Form: F-3
Chunk 60
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our directors, officers, and principal shareholders hold in aggregate 57,324 Shares, comprising 57,224 Ordinary Shares and 100 Management
Shares, representing approximately 3.76% of the total issued and outstanding Shares and approximately 98.50% of the total voting power.
We are therefore a “controlled company” as defined under the Nasdaq Stock Market Rules.

Under Rule 4350(c) of
Nasdaq, a company of which more than 50% of the voting power is held by an individual, group, or another company is a “controlled
company” and may elect not to comply with certain corporate governance requirements, including the requirement that a majority of
our directors be independent, as defined in the rules of Nasdaq, and the requirement that our compensation and nominating and corporate
governance committees consist entirely of independent directors. Although we do not intend to rely on the “controlled company”
exemption under the Nasdaq Listing Rules, we could elect to rely on this exemption in the future. If we elect to rely on the “controlled
company” exemption, a majority of the members of our board of directors might not be independent directors and our nominating and
corporate governance and compensation committees might not consist entirely of independent directors. Accordingly, during any time while
we remain a controlled company relying on the exemption and during any transition period following a time when we are no longer a controlled
company, you would not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance
requirements of Nasdaq. Our status as a controlled company could cause our Ordinary Shares to be less attractive to certain investors
or otherwise harm our trading price.

<div align='center'>20</div>

In addition, the interests
of these shareholders may not be the same as or may even conflict with your interests. For example, these shareholders could attempt to
delay or prevent a change in control of us, even if such change in control would benefit our other shareholders, which could deprive our
shareholders of an opportunity to receive a premium for their Ordinary Shares as part of a sale of us or our assets and might affect the
prevailing market price of our Ordinary Shares due to investors’ perceptions that conflicts of interest may exist or arise. As a
result, this concentration of ownership may not be in the best interests of our other shareholders.

<div align='center'>Risks Related to our Capital Structure</div>

We have a dual-class share capital structure and Mr