- On **August 27, 2025**, Globavend Holdings Limited entered into a Share Subscription Agreement with its founder, CEO, and Chairman, **Wai Yiu Yau**, who subscribed for **100 Management Shares** for a total consideration of **US$1,000**.  **[1978527_0001213900-25-082569_ea0254934-6k_globavend.htm:0]** **[1978527_0001213900-25-082569_ea025493401ex10-1_globavend.htm:0]** 
- Each Management Share is entitled to **1,000,000 votes**, significantly altering the company's voting structure.  **[1978527_0001213900-25-082569_ea0254934-6k_globavend.htm:0]** **[1978527_0001213900-25-082569_ea025493401ex10-1_globavend.htm:4]** 
- As a result of this subscription, Wai Yiu Yau now holds approximately **98.44% of the total voting power** in the Company, despite owning only about **3.62% of the total issued and outstanding shares**.  **[1978527_0001213900-25-082569_ea0254934-6k_globavend.htm:0]** 
- This transaction establishes a **dual-class share capital structure** and designates Globavend Holdings Limited as a **"controlled company"** under Nasdaq Stock Market Rules, which means it is exempt from certain corporate governance requirements.  **[1978527_0001213900-25-082569_ea0254934-6k_globavend.htm:0]**

Globavend Holdings (GVH)