Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 207

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 10
Chunk 207
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 and place of payment. The shares that have
been called upon and remain unpaid are subject to forfeiture.

Redemption, Repurchase
and Surrender of Shares. We may issue shares on terms that such shares are subject to redemption, at our option or at the option
of the holders of these shares, on such terms and in such manner as may be determined by our board of directors. Our company may also
repurchase any of our shares on such terms and in such manner as have been approved by our board of directors. Under the Companies Act,
the redemption or repurchase of any share may be paid out of our company’s profits, share premium or out of the proceeds of a new
issue of shares made for the purpose of such redemption or repurchase, or out of capital if our company can, immediately following such
payment, pay its debts as they fall due in the ordinary course of business. In addition, under the Companies Act no such share may be
redeemed or repurchased (a) unless it is fully paid up, (b) if such redemption or repurchase would result in there being no shares outstanding
or (c) if the company has commenced liquidation. In addition, our company may accept the surrender of any fully paid share for no consideration.