Core Points - Globavend Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement after maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days [1][2] - The listing matter has been closed, and the company's ordinary shares continue to trade on Nasdaq under the symbol "GVH" [2] 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 provides 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]

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]

Revenue Performance - Revenue decreased by $2,046,349, or 11.0%, from $18,586,528 for the year ended September 30, 2023 to $16,540,179 for the year ended September 30, 2024[367] - Revenue from integrated cross-border logistics services decreased by $1,755,756, or 10.4%, from $16,872,539 to $15,116,783[368] - Revenue from air freight forwarding services decreased by $290,593, or 17.0%, from $1,713,989 to $1,423,396[368] - Revenue from integrated cross-border logistics services decreased by $2,571,643, or 13.2%, from $19,444,182 for the year ended September 30, 2022 to $16,872,539 for the year ended September 30, 2023[396] Gross Profit and Margins - Gross profit increased by 27.0% to $2,419,402 for the year ended September 30, 2024, from $1,905,587 for the year ended September 30, 2023[376] - Gross profit margin increased to 14.6% for the year ended September 30, 2024, from 10.3% for the year ended September 30, 2023[376] - Gross profit increased by 35.5% to $1,905,587 for the year ended September 30, 2023, from $1,405,878 for the year ended September 30, 2022, with a gross profit margin increase to 10.3%[404] Cost of Revenue - Cost of revenue decreased by $2,560,164, or 15.3%, from $16,680,941 to $14,120,777[370] - Air freight charges decreased by $3,593,641, or 50.5%, from $7,113,911 to $3,520,270[371] - Cost of revenue decreased by $5,934,377, or 26.2%, from $22,615,318 for the year ended September 30, 2022 to $16,680,941 for the year ended September 30, 2023, mainly due to reduced air freight and courier expenses[398] Operating Expenses - General and administrative expenses increased by $320,623, or 42.3%, from $758,726 for the year ended September 30, 2023 to $1,079,349 for the year ended September 30, 2024[377] - Travel expenses surged by $146,964, or 326.2%, from $45,056 for the year ended September 30, 2023 to $192,020 for the year ended September 30, 2024, primarily due to increased travel activities[380] - Legal and professional fees rose by $158,937, or 489.2%, from $32,491 for the year ended September 30, 2023 to $191,428 for the year ended September 30, 2024, mainly due to increased legal consulting fees[381] - Staff costs decreased by $19,671, or 5.3%, from $370,826 for the year ended September 30, 2023 to $351,155 for the year ended September 30, 2024, attributed to reduced discretionary bonuses[379] - Audit fees increased by $18,589, or 10.8%, from $171,667 for the year ended September 30, 2023 to $190,256 for the year ended September 30, 2024, primarily due to professional services fees related to the audit[378] - Audit fees increased by $170,000, or 10,198.0%, from $1,667 for the year ended September 30, 2022, to $171,667 for the year ended September 30, 2023[406] - Staff costs decreased by $13,133, or 3.4%, from $383,959 for the year ended September 30, 2022, to $370,826 for the year ended September 30, 2023[407] - Travel expenses decreased by $24,327, or 35.1%, from $69,383 for the year ended September 30, 2022, to $45,056 for the year ended September 30, 2023[408] Net Income - Net income increased by 24.3% to $1,339,008 for the year ended September 30, 2024, compared to $1,077,392 for the year ended September 30, 2023, driven by increased gross profit[392] - Net income increased by 33.0% to $1,077,392 for the year ended September 30, 2023, compared to $810,227 for the year ended September 30, 2022[418] Cash and Liquidity - Cash and cash equivalents increased from $554,132 as of September 30, 2023, to $2,296,462 as of September 30, 2024, an increase of $1,742,330[422] - Accounts receivable, net increased by $255,345, or 17.9%, from $1,429,299 as of September 30, 2023, to $1,684,644 as of September 30, 2024[423] - Contract assets increased by $353,571, or 65.0%, from $543,838 as of September 30, 2023, to $897,409 as of September 30, 2024[428] - Deferred costs decreased by $932,155, or 71.4%, from $1,306,441 as of September 30, 2023, to $374,286 as of September 30, 2024[430] - Accounts payable decreased by $1,952,070, or 75.0%, from $2,601,253 as of September 30, 2023, to $649,183 as of September 30, 2024[431] - Other payables and accrued liabilities decreased by $860,823, or 78.5%, from $1,096,016 as of September 30, 2023, to $235,194 as of September 30, 2024[433] - Cash and cash equivalents at the end of the year increased to $2,296,462 as of September 30, 2024, compared to $554,132 as of September 30, 2023[450] - The company anticipates that its cash and cash equivalents will be sufficient to meet its anticipated cash needs for at least the next twelve months[458] - The company reported cash and cash equivalents sufficient to meet working capital needs for the next 12 months, with no material trends or uncertainties identified in liquidity or capital resources[468] - The company had a banking facility arrangement with a maximum amount of HK$3,690,000, with an outstanding principal of nil as of September 30, 2024[469] - The company may seek to issue equity or debt securities in the future if cash requirements exceed available cash, which could lead to shareholder dilution[470] Accounts and Assets - The average daily number of packages decreased from 5,890 in 2022 to 5,654 in 2023, while the average daily freight weight dropped from 2,765 kg to 2,459 kg[397] - Accounts receivable increased by $317,301, or 28.5%, from $1,111,998 as of September 30, 2022, to $1,429,299 as of September 30, 2023[440] - Contract assets rose by $109,081, or 25.1%, from $434,757 as of September 30, 2022, to $543,838 as of September 30, 2023, due to more in-transit deliveries[443] - Accounts payable increased by $1,290,186, or 98.4%, from $1,311,067 as of September 30, 2022, to $2,601,253 as of September 30, 2023, primarily due to outstanding supplier invoices[445] - Other payables and accrued liabilities surged by $1,082,973, or 8,303.1%, from $13,043 as of September 30, 2022, to $1,096,016 as of September 30, 2023[447] - Total current assets increased by 90.0%, from $2,116,028 on September 30, 2022, to $4,021,110 on September 30, 2023, mainly due to an increase in deferred costs[465] - Total current liabilities increased by 140.8%, from $1,616,528 on September 30, 2022, to $3,892,365 as of September 30, 2023, primarily due to an increase in accounts payables[465] - Working capital improved significantly from $128,745 as of September 30, 2023, to $2,670,291 as of September 30, 2024[466] - As of September 30, 2024, accounts receivable increased from $1,429,299 to $1,684,644, while working capital surged from $128,745 to $2,670,291, primarily due to proceeds from the issuance of ordinary shares[467] Risk Management - For the years ended September 30, 2022, 2023, and 2024, foreign currency costs represented 47.7%, 54.3%, and 62.0% of the cost of revenue, respectively, with foreign exchange gains of $72,974, $118,508, and $156,937[691] - The company has designed credit policies to minimize exposure to credit risk, with maximum exposure equaling the carrying amount of cash, accounts receivable, and other financial assets[688] - Liquidity risk management ensures sufficient cash on demand to meet operational expenses for 60 days, excluding extreme circumstances[693]

Core Insights - Globavend Holdings Limited reported a significant growth of 24% in net income for the fiscal year 2024, reaching $1.34 million [6] - The company's revenue for the same period was $16.5 million, with a gross profit margin of 14.6% [6] - Earnings per share (EPS) increased by 13% year-over-year to $0.09 [6] Financial Highlights - Current assets increased from $4.02 million in 2023 to $5.46 million in 2024 [5] - Total assets grew from $4.47 million in 2023 to $7.96 million in 2024 [5] - Total shareholders' equity rose significantly from $502,176 in 2023 to $5.17 million in 2024 [9] Operational Overview - Globavend provides end-to-end logistics solutions primarily for enterprise customers in Hong Kong, Australia, and New Zealand [2] - The company facilitates business-to-consumer (B2C) transactions and offers integrated cross-border logistics services [2] - The operational services include parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery [2]

As filed with the U.S. Securities and Exchange Commission on September 24, 2024. Registration Statement No. 333-280554 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GLOBAVEND HOLDINGS LIMITED (Exact name of registrant as specified in its charter) Cayman Islands 4731 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) ...

Core Viewpoint - Globavend Holdings Limited reported strong financial results for the first half of 2024, highlighting the effectiveness of its business strategy, with significant increases in gross profit and net income despite a decline in revenue compared to the previous year [2][3]. Financial Performance - Gross profit for the six months ended March 31, 2024, was approximately US$1.7 million, representing an increase of approximately 131.7% from approximately US$0.7 million for the same period in 2023 [3][6]. - Net income for the same period was approximately US$0.9 million, reflecting a 99.4% increase from approximately US$0.5 million in the prior year [3][10]. - Revenue decreased to approximately US$8.4 million, down approximately 10.8% from approximately US$9.4 million for the same period in 2023, attributed to higher average sales prices leading to reduced sales demand [4][5]. Cost and Expenses - General and administrative expenses increased by approximately 85.6% to approximately US$0.5 million, primarily due to higher travel, accommodation, and entertainment expenses, as well as increased audit and legal fees [7]. - Other net income (expense) shifted from an income of approximately US$73,000 in 2023 to an expense of approximately US$142,000 in 2024, mainly due to exchange losses from the depreciation of the Australian dollar [8]. Taxation - Income tax expense rose by approximately US$74,000 to approximately US$140,000 for the six months ended March 31, 2024, due to an increase in tax assessable profit [9]. Earnings Per Share - Basic and diluted earnings per share were approximately US$0.06 for the six months ended March 31, 2024, compared to US$0.03 for the same period in 2023 [11].

Core Viewpoint - Globavend Holdings Limited has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement for its ordinary shares, but the listing remains unaffected for now [1][2]. Group 1: Compliance and Listing Status - The company is currently not in compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market [1]. - The company has a compliance deadline of 180 days, until February 12, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days [1]. - The notice does not have an immediate effect on the trading of the company's ordinary shares, which continue to trade under the symbol "GVH" [2]. Group 2: 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]. - The logistics services provided include pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery [3].

Core Insights - Globavend Holdings Limited has partnered with New Zealand Post to enhance its last-mile delivery services in New Zealand, responding to increased demand for logistics solutions in the region [2][4]. Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider that offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand, primarily serving enterprise customers [6]. - The company facilitates business-to-consumer (B2C) transactions and provides integrated cross-border logistics services, including parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery [6]. Partnership Details - The collaboration with NZ Post aims to streamline last-mile delivery services, ensuring reliable and timely parcel delivery for customers in Australia and New Zealand [2]. - NZ Post, a state-owned enterprise, has a long history of providing postal services in New Zealand and began its first trial shipment for Globavend in May 2024 [4]. Technology Integration - Globavend and NZ Post have integrated their shipment management systems to enable parcel tracking, enhancing the delivery experience for customers [5].

As filed with the U.S. Securities and Exchange Commission on June 28, 2024. REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Registration Statement No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 GLOBAVEND HOLDINGS LIMITED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 4731 Not Applicable (IRS Employer Identification N ...