Globavend Holdings Ltd

Commitments

As at September 30, 2024 and March 31, 2025, save as disclosed in note 6 in the consolidated financial statements, the Company did not have any significant capital and other commitments.

NOTE 14 – ORDINARY SHARES AND STRUCTURE SECTION

Globavend Holdings Limited was incorporated under the laws of the Cayman Islands on May 22, 2023. As of September 30, 2023, the Company was authorized to issue up to 50,000,000 ordinary shares and 13,125,000 ordinary shares were issued and outstanding at par value of $0.001 per share.

On November 10, 2023, the Company completed its IPO and listed its Ordinary Shares on the Nasdaq Capital Market under the symbol “GVH”. With the above IPO, the Company received the proceeds from the issuance of 1,500,000 ordinary Shares, net of issuance cost, of $5,379,500 and net off with the payment of offering costs of $1,756,440.

As a result of the Reverse Stock Split, each 200 pre-split ordinary shares outstanding were automatically combined and converted to one issued and outstanding ordinary share without any action on the part of the shareholder. The Reverse Stock Split has been retrospectively applied to the consolidated financial statements for the fiscal years ended September 30, 2024 and the condensed unaudited financial statements for the six months ended March 31, 2025 and 2024.

NOTE 15 – SUBSEQUENT EVENTS

On April 28, 2025, the authorized share capital of the Company increased from US$50,000 divided into 50,000,000 shares of US$0.001 par value each to US$2,000,000 divided into 2,000,000,000 shares of US$0.001 par value each. The designation of existing issued shares of US$0.001 par value each of the Company as ordinary shares shall remain unchanged.

On June 26, 2025, the Company raised an aggregate gross proceed of $15 million, before deducting placement agent fees and other estimated expenses payable by the Company, via the Offering. The Offering was comprised of: (i)5,645,997 Ordinary Units, each consisting ofone Ordinary Share of the Company, par value $0.001 per share, one series A warrant to purchaseone Ordinary Share andone series B warrant initially to purchaseone Ordinary Share, and (ii)16,093,133 pre-funded units, each consisting ofone pre-funded warrant to purchaseone Ordinary Share, one Series A Warrant andone Series B Warrant.

On July 2, 2025, the board of directors of the Company, approved a reverse stock split that would consolidate every 200 issued and unissued shares of US$0.001 par value each in the share capital of the Company into one share of US$0.20 par value each, with an effective date of July 21, 2025.

The Company has assessed all events from March 31, 2025, up through September 9, 2024, which is the date that these condensed consolidated financial statements are available to be issued, unless as disclosed below, there are not any material subsequent events that require disclosure in these condensed consolidated financial statements.