Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 58

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 58
---
 Act as a non-U. S. company with foreign private issuer status.
Even after we no longer qualify as an emerging growth company, as long as we qualify as a foreign private issuer under the Exchange Act
we will be exempt from certain provisions of the Exchange Act that are applicable to U. S. domestic public companies, including (i) the
sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations in respect of a security registered under
the Exchange Act; (ii) the sections of the Exchange Act requiring insiders to file public reports of their share ownership and trading
activities and liability for insiders who profit from trades made in a short period of time; and (iii) the rules under the Exchange Act
requiring the filing with the SEC of quarterly reports on Form 10-Q containing unaudited financial and other specific information, or
current reports on Form 8-K, upon the occurrence of specified significant events.

Both foreign private
issuers and emerging growth companies are also exempt from certain more stringent executive compensation disclosure rules. Thus, even
if we no longer qualify as an emerging growth company, as long as we remain a foreign private issuer, we will continue to be exempt from
the more stringent compensation disclosures required of companies that are neither an emerging growth company nor a foreign private issuer.

We will incur increased costs as
a result of being a public company, particularly after we cease to qualify as an “emerging growth company.”

Upon consummation
of our initial public offering in November 2023, we have incurred significant legal, accounting, and other expenses as a public company
that we did not incur as a private company. The Sarbanes-Oxley Act of 2002 (“ Sarbanes-Oxley”), as well as rules subsequently
implemented by the SEC, impose various requirements on the corporate governance practices of public companies. We are an “emerging
growth company,” as defined in the JOBS Act and will remain an emerging growth company until the earlier of (1) the last day of
the fiscal year (a) following the fifth anniversary of the completion of our initial public offering in November 2023, (b) in which we
have total annual gross revenue of at least US$1.235 billion, or (c) in which we are deemed to be a large accelerated filer, which means
the market value of our Ordinary Shares that is held by non-affiliates exceeds US$700 million as of the end of any second