<a href="https://laohu8.com/S/GVH">Globavend Holdings Ltd.</a> Announces New Share Subscription Agreement Granting Wai Yiu Yau Significant Voting Power
Globavend Holdings Ltd., a Cayman Island exempted company, announced a new shareholder agreement on August 27, 2025. The company's board of directors entered into a Share Subscription Agreement with Wai Yiu Yau, the founder, CEO, and chairman of the board. Under this agreement, Globavend will issue and allot 100 management shares to Yau for a total consideration of US$1,000. These management shares, each with a par value of US$0.001, carry significant voting rights, totaling 1,000,000 votes per share. This move establishes a dual-class share capital structure, granting Yau substantial control over the company's voting power, representing approximately 98.44% of the total voting power. This arrangement positions Globavend as a "controlled company" under Nasdaq rules, exempting it from certain corporate governance requirements and potentially affecting its public shareholders.
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