Company: GINT
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001213900-25-058872
Chunk: 226

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 226
---
 shareholder represented the temporary advances by the Company. The amount is unsecured, interest -freeand due on demand. The balance was subsequently settled in full by offsetting against the special dividend of HK$1,500,000 (US$193,068) declared and distributed on October23, 2024. In the ordinary course of business, during the six months ended September 30, 2023 and 2024, the Company has involved with transactions, either at cost or current market prices and on the normal commercial terms among related parties. The following table provides the transactions with these parties for the periods as presented (for the portion of such period that they were considered related):

| Name                  |     | Nature                        |     | Six Months ended September 30, 
 2023                           
 HKD                            |        |     | 2024 
 HKD  |        |     | 2024 
 USD  |       |
|:----------------------|:----|:------------------------------|:----|:-------------------------------|-------:|:----|:-----|-------:|:----|:-----|------:|
| Tutti Digital Limited |     | Marketing and advertising fee |     | $                              | 62,250 |     | $    | 27,000 |     | $    | 3,475 |
| iMHKB Group Ltd       |     | Purchases of good             |     | $                              |      — |     | $    | 59,400 |     | $    | 7,645 |

Apart from the transactions and balances detailed above and elsewhere in these accompanying unaudited condensed consolidated and combined financial statements, the Company has no other significant or material related party transactions during the periods presented. NOTE 13 — CONCENTRATIONS OF RISKS The Company is exposed to the following concentrations of risks: (a)Major customers For the six months ended September 30, 2023 and 2024, there is no single customer who accounted for 10% or more of the Company’s revenues and its outstanding receivable balances at period -enddates.

F-23

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED AND
COMBINED FINANCIAL STATEMENTS NOTE 13 — CONCENTRATIONS OF RISKS (CONT.) (b)Major vendors For the six months ended September 30, 2023 and 2024, the single vendor