Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 57

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 57
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atters, our shareholders may be afforded less protection than they otherwise would under rules and regulations applicable to U.S. domestic
issuers.

As a result of all of the above,
our public shareholders may have more difficulty in protecting their interests in the face of actions taken by management, members of
the board of directors, or our Controlling Shareholder than they would as public shareholders of a company incorporated in the United States.
For a discussion of significant differences between the provisions of the Companies Act and the laws applicable to companies incorporated
in the United States and their shareholders.

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Cayman Islands economic substance requirements may have an effect on our business and operations.

Pursuant to the
International Tax Cooperation (Economic Substance) Act, 2018 of the Cayman Islands (“ES Act”) that came into force on
January 1, 2019, a “relevant entity” is required to satisfy the economic substance test set out in the ES Act. A
“relevant entity” includes an exempted company incorporated in the Cayman Islands as is the Company; however, it does
not include an entity that is tax resident outside the Cayman Islands. Accordingly, currently, for so long as the Company is a tax
resident outside the Cayman Islands, including in Hong Kong, it is not required to satisfy the economic substance test set out
in the ES Act. The ES Act continues to evolve and its application is subject to further clarification by regulatory authority. We
may need to allocate additional resources to keep updated with these developments, and we may have to make changes to our operations
in order to comply with all requirements under the ES Act.

We are a foreign private issuer within the meaning of the rules under the Exchange Act, and, as such, we are exempt from certain provisions applicable to U.S. domestic public companies.

Because we qualify as a foreign
private issuer under the Exchange Act, we are exempt from certain provisions of the securities rules and regulations in the United States
that are applicable to U.S. domestic issuers, including:

| ● | The rules under the Exchange Act requiring the filing                          
 with the SEC of quarterly reports on Form 10-Q or current reports on Form 8-K; |

| ● | The sections of the Exchange Act regulating the solicitation                                        
 of proxies, consents, or authorizations in respect to a security registered under the Exchange Act; |

| ● | The sections of the Exchange Act requiring insiders                                                                                      
 to file public reports of their