Central Master’s $3.5M stake gives Globavend (GVH) 97.7% voting control shift

Rhea-AI Filing Summary

Central Master Enterprises Limited and its principals have filed a Schedule 13D disclosing a new stake and effective voting control in Globavend Holdings Ltd. On April 29, 2026, Central Master Enterprises purchased 57,224 Ordinary Shares and 100 Management Shares for a total of $3,500,000, using its working capital.

The 57,224 Ordinary Shares represent about 2.5% of the Ordinary Shares outstanding, while the 100 Management Shares represent 97.7% of the issuer’s total voting power, giving the group substantial influence over shareholder decisions. The filing states the investment is viewed as an attractive opportunity and that the investors may encourage Globavend to expand operations and pursue merger and acquisition initiatives. Following the transaction, Tsz Ngo Yu, already chief financial officer, and Kai Man Fung were appointed as directors, further aligning management roles with the new controlling voting position.

Insights

Equity ownership & governance analyst

Small economic stake but near-total voting control concentrates Globavend’s governance power.

The filing shows Central Master Enterprises Limited bought 57,224 Ordinary Shares and 100 Management Shares for $3,500,000. While the Ordinary Shares are only about 2.5% of shares outstanding, the Management Shares carry 97.7% of total voting power.

This structure means effective control over major corporate decisions with limited economic exposure. Post-transaction, Tsz Ngo Yu and Kai Man Fung hold director roles, reinforcing this influence. The investors indicate plans to encourage business expansion and potential mergers and acquisitions, though specific transactions or timelines are not detailed in the disclosure.

Key Figures

Total consideration: $3,500,000 Ordinary Shares acquired: 57,224 shares Management Shares acquired: 100 shares +4 more

7 metrics

Total consideration $3,500,000 Paid for 57,224 Ordinary Shares and 100 Management Shares on April 29, 2026

Ordinary Shares acquired 57,224 shares Purchased by Central Master Enterprises Limited on April 29, 2026

Management Shares acquired 100 shares Purchased alongside Ordinary Shares under the Share Transfer Agreement

Ownership of Ordinary Shares 2.5% Percentage of Ordinary Shares outstanding represented by 57,224 shares

Voting power held 97.7% Total voting power of the issuer represented by the 100 Management Shares

Ordinary Shares outstanding 2,286,719 shares Ordinary Shares outstanding as referenced from the issuer’s Form 20-F

Event date April 29, 2026 Date of the share purchase requiring the Schedule 13D filing

Key Terms

beneficially own, Management Shares, Share Transfer Agreement, equity compensation plan, +1 more

5 terms

beneficially own financial

"The Reporting Persons beneficially own 57,224 Ordinary Shares, representing approximately 2.5% of the total issued and outstanding shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Management Shares financial

"The Reporting Persons also beneficially own 100 Management Shares, representing approximately 0.00% of the total issued and outstanding Ordinary Shares"

Management shares are a class of company stock reserved for executives and key managers that often carry special rights such as extra voting power, restricted transferability, or different dividend rules. For investors they matter because these shares shape who controls major decisions and how profits are distributed—like giving a small group of people a set of master keys to the company’s decision rooms, which affects governance, strategic direction, and shareholder value.

Share Transfer Agreement regulatory

"pursuant to and in accordance with that certain share transfer agreement between Central Master Enterprises Limited and each of the persons and entities listed as transferor thereto"

A share transfer agreement is a legal contract that records the sale or assignment of ownership in a company’s shares from one party to another, spelling out how many shares, the price, any conditions, and steps needed to complete the transfer. It matters to investors because it legally changes who owns and controls the shares, can affect voting rights, company value and liquidity, and sets protections or obligations that influence investment risk and future returns.

equity compensation plan financial

"Mr. Fung is eligible to receive awards of Ordinary Shares (or rights to acquire Ordinary Shares) under the Issuer's equity compensation plan"

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

Schedule 13D regulatory

"Each of the reporting persons has elected to voluntarily file this Statement on Schedule 13D"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Globavend Holdings Ltd

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

G3R39B116

(CUSIP Number)

Kai Man Fung
Office 1401, Level 14, 197 St Georges Tce
Perth, C3, WA 6000
888.201.1623

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/29/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G3R39B116

1

Name of reporting person

Central Master Enterprises Ltd

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 57,224.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 57,224.00

11

Aggregate amount beneficially owned by each reporting person

57,224.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.5 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

(1) The numbers listed in row 8 and row 10 above represent beneficial ownership of 57,224 shares of ordinary shares, par value $0.20 per share, of the Issuer (the "Ordinary Shares") purchased by Central Master Enterprises Limited with working capital and excludes 100 shares of management shares, par value $0.20, of the Issuer (the "Management Shares") also acquired by Central Master Enterprises Limited. (2) The number listed in row 13 above is based on 2,286,719 shares of Ordinary Shares outstanding as of the date of this Schedule 13D, as disclosed in the Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed by the Issuer with the U.S. Securities and Exchange Commission on February 13, 2026, and excludes the Management Shares acquired by Central Master Enterprises Limited.

SCHEDULE 13D

CUSIP Number(s): G3R39B116

1

Name of reporting person

Yu Tsz Ngo

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 57,224.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 57,224.00

11

Aggregate amount beneficially owned by each reporting person

57,224.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.5 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Mr. Tsz Ngo Yu, as a controlling shareholder of Central Master Enterprises Limited, may be deemed to beneficially own the securities held directly by Central Master Enterprises Limited.

SCHEDULE 13D

CUSIP Number(s): G3R39B116

1

Name of reporting person

Fung Kai Man

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 57,224.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 57,224.00

11

Aggregate amount beneficially owned by each reporting person

57,224.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.5 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Mr. Kai Man Fung, as a controlling shareholder of Central Master Enterprises Limited, may be deemed to beneficially own the securities held directly by Central Master Enterprises Limited.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Ordinary Shares
(b)	Name of Issuer: Globavend Holdings Ltd
(c)	Address of Issuer's Principal Executive Offices: Office 1401, Level 14, 197 St Georges Tce, Perth, WA, AUSTRALIA , 6000.
Item 1 Comment: Each of the reporting persons (collectively, the "Reporting Persons") has elected to voluntarily file this Statement on Schedule 13D (this "Schedule 13D"). The Reporting Persons beneficially own 57,224 Ordinary Shares, representing approximately 2.5% of the total issued and outstanding shares of the Issuer and 0.00% of the total voting power the Issuer. The Reporting Persons also beneficially own 100 Management Shares, representing approximately 0.00% of the total issued and outstanding Ordinary Shares of the Issuer and 97.7% of the total voting power of the Issuer.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed by (i) Central Master Enterprises Limited, a company incorporated under the laws of the British Virgin Islands, (ii) Tsz Ngo Yu, and (iii) Kai Man Fung.
(b)	The principal business address of each of the Reporting Persons is Room 1804, 18/F., Regent Centre, 88 Queen's Road Central, Hong Kong.
(c)	The principal business of Central Master Enterprises Limited is investment holding. Tsz Ngo Yu and Kai Man Fung are each a controlling shareholder of Central Master Enterprises Limited.
(d)	During the last five years, none of the Reporting Persons, nor any director or executive officer of the Reporting Persons, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons, nor any director or executive officer of the Reporting Persons, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Tsz Ngo Yu is a citizen of Hong Kong, and Kai Man Fung is a citizen of the United Kingdom.
Item 3.	Source and Amount of Funds or Other Consideration
	On April 29, 2026, Central Master Enterprises Limited purchased 57,224 Ordinary Shares and 100 Management Shares of the Issuer, pursuant to and in accordance with that certain share transfer agreement between Central Master Enterprises Limited and each of the persons and entities listed as transferor thereto (the "Share Transfer Agreement"), for a total consideration of $3,500,000, the source of which was working capital of Central Master Enterprises Limited.
Item 4.	Purpose of Transaction
	Central Master Enterprises Limited acquired the Ordinary Shares disclosed in this Schedule 13D because it believes such acquisition represents an attractive investment opportunity and intends to encourage the Issuer to expand its business operations and explore new merger and acquisitions initiatives. Central Master Enterprises Limited intends to review its investments in the Issuer on a continuing basis. Any actions that the Reporting Persons might undertake may be made at any time and from time to time without prior notice and will be dependent upon their review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments. Each of the Reporting Persons may acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, from time to time, in the open market, private transactions, or otherwise. Each of the Reporting Persons intends to closely monitor its or his investments and may from time to time take advantage of opportunities presented to it or him. Except as set forth herein, the Reporting Persons currently have no plan or proposal that relates to, or would result in, any of the events or transactions described in Item 4 of Schedule 13D, although each of the Reporting Persons may, at any time and from time to time, review or reconsider such Reporting Person's position and/or change such Reporting Person's purpose and/or formulate plans or proposals with respect thereto.
Item 5.	Interest in Securities of the Issuer
(a)	See responses to rows 11 and 13 on the cover pages of this Schedule 13D for each Reporting Person.
(b)	See responses to rows 7, 8, 9 and 10 on the cover pages of this Schedule 13D for each Reporting Person.
(c)	During the past 60 days, except as otherwise set forth in this Schedule 13D, no Reporting Person has, to the best of such Reporting Person's knowledge, engaged in any transaction with respect to the Ordinary Shares or Management Shares.
(d)	No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities covered by this Schedule 13D.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Subsequent to the closing of the Share Transfer Agreement, (i) Mr. Tsz Ngo Yu was appointed as a director of the Issuer in addition to his existing role as chief financial officer of the Issuer, and (ii) Mr. Kai Man Fung was appointed as a director of the Issuer and entered into a director service agreement with the Issuer, pursuant to which Mr. Fung is eligible to receive awards of Ordinary Shares (or rights to acquire Ordinary Shares) under the Issuer's equity compensation plan in consideration for his services to the Issuer. Other than as described in this Schedule 13D, there are no contracts, arrangements, understandings or relationships between the Reporting Persons and any other person with respect to the securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 4.1 Form of Director Service Agreement (incorporated herein by reference to Exhibit 4.1 to the Current Report on Form 6-K filed by the Issuer on April 30, 2026).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Central Master Enterprises Ltd

Signature:	/s/ Kai Man Fung
Name/Title:	Kai Man Fung / Director
Date:	05/08/2026

Yu Tsz Ngo

Signature:	/s/ Tsz Ngo Yu
Name/Title:	Tsz Ngo Yu
Date:	05/08/2026

Fung Kai Man

Signature:	/s/ Kai Man Fung
Name/Title:	Kai Man Fung
Date:	05/08/2026

FAQ

What stake in Globavend Holdings (GVH) did Central Master Enterprises disclose?

Central Master Enterprises disclosed beneficial ownership of 57,224 Ordinary Shares, representing about 2.5% of Globavend’s Ordinary Shares outstanding. It also holds 100 Management Shares, which provide disproportionate voting rights relative to its economic interest.

How much did Central Master Enterprises pay for its Globavend (GVH) shares?

Central Master Enterprises paid a total consideration of $3,500,000 to acquire 57,224 Ordinary Shares and 100 Management Shares. The purchase was funded from the working capital of Central Master Enterprises, according to the Schedule 13D disclosure.

What voting power does Central Master Enterprises hold in Globavend (GVH)?

Through 100 Management Shares, Central Master Enterprises and its principals hold about 97.7% of Globavend’s total voting power. This gives them substantial influence over shareholder decisions despite owning only 2.5% of the Ordinary Shares economically.

Who are the reporting persons in this Globavend (GVH) Schedule 13D filing?

The reporting persons are Central Master Enterprises Limited, Tsz Ngo Yu, and Kai Man Fung. Yu and Fung are described as controlling shareholders of Central Master Enterprises and may be deemed to beneficially own the securities it holds in Globavend.

What are Central Master Enterprises’ intentions regarding its Globavend (GVH) investment?

The investors state they view the stake as an attractive investment opportunity and intend to encourage Globavend to expand its business and explore merger and acquisition initiatives. They may buy more, hold, or sell shares depending on future conditions.

What management changes at Globavend (GVH) are linked to this investment?

After the share transfer closed, Tsz Ngo Yu was appointed a director in addition to serving as chief financial officer. Kai Man Fung was also appointed a director and entered a director service agreement, making him eligible for equity awards under Globavend’s compensation plan.