Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 240

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 240
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gregation of Revenue The Company has disaggregated its revenue from contracts with customers into categories based on the business operation of the revenue, as follows:

| Sale of products     
 2023                 |     | Point of           
 recognition        | 2024 | For the years ended March 31, 
 HKD                           |            | 2024 | HKD |            |     | USD |            |
|:---------------------|:----|:-------------------|:-----|:------------------------------|-----------:|:-----|:----|-----------:|:----|:----|-----------:|
| Corporate clients    |     | At a point in time |      | $                             | 63,840,199 |      | $   | 54,372,507 |     | $   |  6,970,835 |
| Individual customers |     | At a point in time |      |                               | 23,612,128 |      |     | 27,180,858 |     |     |  3,484,725 |
|                      |     |                    |      | $                             | 87,452,327 |      | $   | 81,553,365 |     | $   | 10,455,560 |

•Cost of Revenues Cost of revenues consists primarily of the cost of floral and non -floralmerchandise sold from inventory or through third parties, bouquet fulfillment costs, and the cost associated with wrapping and packaging. •Shipping and Handling Costs Shipping costs incurred to deliver the products from the workshop to the designated location of the customer orders totaled HK$4,947,588 and HK$4,550,399 (US$583,384) for the years ended March 31, 2023 and 2024, respectively. •Sales and Marketing Costs Marketing and sales expense consists primarily of advertising expenses, online portal and e -catalogexpenses and customer service center expenses, as well as the operating expenses of the Company’s departments engaged in marketing, selling and merchandising activities. The Company expenses all advertising costs, at the time the advertisement is first shown. Advertising expense was HK$7,710,520 and HK$8,432,263 (US$1,081,316) for the years ended March 31, 2023 and 2024, respectively.

F-37 GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE COMBINED FINANCIAL STATEMENTS NOTE 2 — SUMMARY OF SIGN