Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 251

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 251
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 sheet. Supplemental balance sheet information related to operating leases was as follows:

| Operating lease:              |     | As of March 31, 
 2023            
 HKD             |           |     | 2024 
 HKD  |         |     | 2024 
 USD  |        |
|:------------------------------|:----|:----------------|----------:|:----|:-----|--------:|:----|:-----|-------:|
| Right-of-use assets, net      |     | $               | 1,472,133 |     | $    | 432,980 |     | $    | 55,510 |
| Lease liabilities:            |     |                 |           |     |      |         |     |      |        |
| Current lease liabilities     |     | $               | 1,041,535 |     | $    | 442,878 |     | $    | 56,779 |
| Non-current lease liabilities |     |                 |   442,878 |     |      |       — |     |      |      — |
| Total lease liabilities       |     | $               | 1,484,413 |     | $    | 442,878 |     | $    | 56,779 |

Operating lease expense for the years ended March 31, 2023 and 2024 were HK$623,000 and HK$1,068,000 (US$136,923), respectively. Other supplemental information about the Company’s operating lease as of March 31, 2023 and 2024:

|                                               |     |       2023 |   |     |       2024 |   |
| Weighted average discount rate                |     |       2.75 | % |     |       2.88 | % |
| Weighted average remaining lease term (years) |     | 1.46 years |   |     | 0.46 years |   |

Operating lease commitments: As of March 31, 2024, the Company has future minimum lease payments of HK$442,878 (US$56,779) due in the next 12 months.

F-44 GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE COMBINED FINANCIAL STATEMENTS NOTE 8 — SHAREHOLDERS’ EQUITY Ordinary Shares The Company was established under the laws of British Virgin Island on April 16, 2024