Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 70

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 70
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 from disputes with customers and suppliers on matters relating to payment and/or contractual performance. Claims involving us could result in time -consumingand costly litigations, arbitration, administrative proceedings or other legal procedures. Expenses we incur in legal proceedings or arising from claims brought by or against us may materially and adversely affect our financial performance. Actions brought against us may result in settlements, awards, injunctions, fines, penalties and other results adverse to us. Moreover, liquidated damages, legal proceedings resulting in unfavorable judgment may harm our reputation, cause financial losses and damage our prospects of being awarded future contracts, thereby materially and adversely affecting our operations, financial performance and prospects. Our business depends on the reliability of computer systems maintained by us and the ability to implement, maintain and upgrade our information technology and security measures. Our business depends on the reliability of computer systems maintained by us to operate efficiently and reliably at all times. Certain emergencies or contingencies could occur, such as a natural disaster or a significant power outage, which could temporarily shut down our facilities and computer systems. Further, our cybersecurity measures may not detect, prevent or control all attempts to compromise our systems, including distributed denial -of -serviceattacks, viruses, Trojan horses, malicious software, break -ins, phishing attacks, third -partymanipulation, security breaches, employee misconduct or negligence or other attacks, risks, data leakage and similar disruptions that may jeopardize the security of data stored in and transmitted by our systems or that we otherwise maintain. In addition, if the technological and operational platforms and capabilities become outdated, we will be at a disadvantage when competing with our competitors. In addition, our failure to back up our data and information in a timely manner may cause material disruption of our business operation and may therefore adversely affect our business and results of operations. There is no assurance that we can generate sufficient cash flow from operating activities and / or obtain external financing in the future to meet our operational needs. For the year ended March31, 2025, we had net cash inflow from our operating activities of approximately HK$3.5million (US$0.5million), primarily arising from our operating profit adjusted for changes in working capital. For the year ended March 31, 2024, we had net cash inflow from our operating activities of approximately HK$5.3million, primarily arising from our operating profit adjusted for changes in working capital. We require significant amount of working capital to sustain general operating expenses and ensure seamless business continuity. There is no assurance that we will be able