Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 4

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 4
---
 providers, and if we are unable to obtain orders in substitution, or unable to develop new customers, our business
may be materially and adversely affected.

We rely on our business partners,
including air freight carriers, customs clearance companies, ground transportation companies, and local delivery service providers to
implement certain services to our customers.

We maintain business
relationships with air freight carriers, customs clearance companies, ground transportation companies, and local delivery service providers
to implement services to our customers. Customs clearance companies, ground transportation companies, and local delivery service providers
are engaged on an as-needed basis, since it is more cost-effective and offers flexibility in cost management. There is no assurance that
our service providers will at all times perform at a satisfactory level. It may happen that the labels noting the destinations of the
cargo fall off and that the air freight carriers mistakenly deliver the cargo to other destinations. Similarly, in case there is any
error or delay due to various reasons, including, but not limited to, weather conditions, air traffic control, and human negligence,
the goods of our customers may not be delivered to the assigned destination within the expected condition and time frame.

We cannot assure you
that the service quality of air freight carriers or other service providers will always meet our or our customers’ standards or
requirements. There may be occasions where, due to various reasons, our service providers are not able to deliver the goods on time or
there may be instances where goods are damaged during the transfer. If our service providers are unable to meet our customers’
standards and requirements and we are unable to find suitable alternatives promptly, our reputation within the industry may be adversely
affected.

Decreased availability
or increased costs of key logistics and supply chain services, such as warehousing equipment and materials, could impact our cost of
operations and our profitability, as well as our cash flows. In addition, we may also be exposed to legal risks and subject to certain
liabilities, including administrative fines, if those third parties fail to obtain all necessary licenses and permits as required.

In addition, we are
dependent in part on third-party service providers to report certain events to us, such as delivery information and cargo claims. This
partial reliance on third parties could cause delays in reporting certain events, impacting our ability to recognize revenue and claims
in a timely manner. In addition, we cannot assure you that we will be able to obtain access to preferred third-party service providers
at attractive rates or that these providers will have adequate capacity available to meet the needs