Company: GINT
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001213900-25-065552
Chunk: 213

Company: Gifts International Holdings Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 213
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86,066 | ) |     |      |   (11,063 | ) |
| Accounts receivable, net                   |     | $               | 1,155,650 |     | $    | 8,410,889 |   |     | $    | 1,081,105 |   |

For the year ended March 31, 2025, the Company recognized the allowance of expected credit losses of HK$86,066 (US$11,063). For the year ended March 31, 2024, no allowance of expected credit losses was recognized. The Company has not experienced any significant bad debt or write -offsof accounts receivable in the past. The Company generally conducts its business with creditworthy third parties. The Company determines, on a continuing basis, the probable losses and an allowance for expected credit losses, based on several factors including internal risk ratings, customer credit quality, payment history, historical bad debt/write -offexperience and forecasted economic and market conditions. Accounts receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and the exposure to bad debts is not significant. Up to the date of the report, the Company collected 98.7% of accounts receivable balance as of March 31, 2025. NOTE 4 — INVENTORIES Inventories comprised of the followings:

|                                |     | As of March 31, 
 2024            
 HKD             |           |     | 2025 
 HKD  |           |     | 2025 
 USD  |         |
|:-------------------------------|:----|:----------------|----------:|:----|:-----|----------:|:----|:-----|--------:|
| Gourmet food                   |     | $               |   636,734 |     | $    |   775,353 |     | $    |  99,661 |
| Skincare and beauty            |     |                 |   522,391 |     |      |    27,898 |     |      |   3,586 |
| Decoration and accessories     |     |                 |   222,875 |     |      |   716,332 |     |      |  92,075 |
| Wines and beverages            |     |                 |   150,860 |     |      |   371,222 |