PERTH, AUSTRALIA, May 23, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, today announced that it received a notification letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) ...

Core Viewpoint - Globavend Holdings Limited has received approval-in-principle for up to $900,000 in non-dilutive government funding to support its expansion into the Chinese market, which is seen as a significant milestone for the company [1][3]. Group 1: Government Funding - The funding is provided by the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) from the Hong Kong government, aimed at helping local businesses scale operations and expand into new markets [2]. - The Hong Kong government has allocated approximately $770 million to the BUD Fund to assist enterprises in capturing opportunities from China's 12th Five-Year Plan [2]. Group 2: Company Expansion - The CEO of Globavend expressed confidence in the company's eligibility for the funding and emphasized the importance of this financial support for accelerating their expansion into China [3]. - Globavend has already established its business model in Australia, New Zealand, and Hong Kong, making the entry into China a natural progression [3]. - The company aims to leverage the funding to scale its operations without compromising its capital structure, especially as Australia is becoming a key logistics hub amid geopolitical tensions [3]. Group 3: Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions primarily for enterprise customers, including e-commerce merchants [4]. - The company provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, covering various logistics processes such as parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery [4].

Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions in Hong Kong, Australia, and New Zealand [3] - The company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions [3] - Globavend delivers integrated cross-border logistics services, including pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery [3] Compliance and Listing Status - On February 13, 2025, Nasdaq granted Globavend an additional 180 calendar days, until August 11, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market [1] - If compliance is not regained by the deadline, Nasdaq will issue a delisting determination, which the company may appeal [2] - The company intends to monitor the closing bid price of its Ordinary Shares and may consider options such as a reverse stock split to regain compliance [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

PERTH, AUSTRALIA, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (“Globavend” or the “Company”) (NASDAQ: GVH), an emerging e-commerce logistics services provider, today announced its financial results for the fiscal year 2024. The Company has recorded a significant growth of 24% in its net income, marking a successful year for the organization. “We are thrilled to announce our financial results for the fiscal year 2024, which reflect our commitment to delivering value to our customers and stak ...

PERTH, AUSTRALIA, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited ("Globavend" or the "Company") (NASDAQ: GVH), an emerging e-commerce logistics services provider, today announced its unaudited financial results for the six months ended March 31, 2024. "Globavend's strong first half year results mark the success of our business strategy," said Frank Yau, CEO at Globavend. "We are pleased with our strategy priorities, which have driven a strong profit for the first half of 2024. We will continu ...

Ordinary shares will continue to trade on the Nasdaq Capital Market, and the Company's listing on such exchange is not affected by the receipt of the Notice PERTH, AUSTRALIA, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the "Company" or "GVH"), an emerging e-commerce logistics provider, disclosed that it had received a notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") that GVH is not currently in compliance with the $1.00 minimum bid price requirement for conti ...

PERTH, AUSTRALIA, July 09, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced the inclusion of New Zealand Post (NZ Post) as one of its last-mile delivery suppliers in New Zealand. Wai Yiu Yau, CEO of Globavend, commented, "We are delighted to welcome NZ Post as one of our last-mile delivery suppliers in New Zealand. NZ Post's extensive experience and established reputation in postal and delivery servic ...

Strategic acquisition intended to enhance the company's business presence in Australia PERTH, AUSTRALIA, May 29, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced it has entered into a non-binding Memorandum of Understanding ("MOU") to make an equity investment in Top Logistics Australia Pty Ltd ("Top Logistics"), a key one stop logistics solutions provider in Australia. Under the MOU, the Company woul ...

Strategic acquisition intended to enhance the company's business presence in Australia PERTH, AUSTRALIA, May 29, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced it has entered into a non-binding Memorandum of Understanding ("MOU") to make an equity investment in Top Logistics Australia Pty Ltd ("Top Logistics"), a key one stop logistics solutions provider in Australia. Under the MOU, the Company woul ...