Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 120

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 120
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 be critical if: (1) it requires us to make assumptions because the information was not available at the time or it included
matters that were highly uncertain at the time we were making our estimate and (2) changes in the estimate could have a material impact
on our financial condition or results of operations. Despite the fact that the management determines there are no critical accounting
estimates, the most significant estimates relate to allowance for credit losses, for which we are required to estimate the collectability
of accounts receivable. The estimates were based on a number of factors including historical loss rates and expectations of future conditions,
and other factors that may affect our ability to collect from customers.

ITEM 6. DIRECTORS,
SENIOR MANAGEMENT AND EMPLOYEES

  Directors              

The following table sets forth
information regarding our directors and executive officers as of the date of this annual report.

  Directors and Executive officers      Age      Position                                                    
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Mr. Wai Yiu Yau                        41      Founder, Chairman of the Board and Chief Executive Officer  
  Mr. Tsz Ngo Yu                         39      Chief Financial Officer                                     
  Ms. San Man Leng                       47      Independent Director                                        
  Mr. Ho Chuen Shin                      35      Independent Director                                        
  Mr. Fan Cheung                         40      Independent Director                                        

Mr. Wai Yiu
Yau (“ Mr. Yau”)

Mr. Wai Yiu Yau is
the founder of the Company and has been its director and chairman of the Board since May 2023. He is also the founder and director of
Globavend HK since its inception in June 2016 and has over 18 years of experience in the logistics industry. Prior to the setting up
of Globavend HK, Mr. Yau has been serving DHL eCommerce Limited, a leading worldwide logistics company in various positions for the period
from January 2010 to June 2014, with his latest position being the Regional Operations Manager (Asia Pacific), responsible for its daily
logistics operations in the Asia Pacific region. Mr. Yau has received a Bachelor of Science Degree in International Shipping Transport
and Logistics from the Hong Kong Polytechnic University and a Master of Business Administration from the Chinese University of Hong Kong
in 2005 and 2014, respectively.

Mr. Tsz Ngo
Yu (“ Mr. Yu”