Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 256

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 256
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 The provision of long service payments under defined benefit plan was HK$0 and HK$62,495 (US$8,012) for the years ended March 31, 2023 and 2024, respectively. NOTE 12 — RELATED PARTY BALANCES AND TRANSACTIONS Nature of relationships with related parties

| Name of related party |     | Relationship with the Company                 |
| Mr. Wong              |     | Director and major shareholder of the Company |
| Take Care HK Limited  |     | Entity controlled by common shareholder       |
| Tutti Digital Limited |     | Entity controlled by common shareholder       |
| iMHKB Group Ltd       |     | Entity controlled by common shareholder       |

Related party balances consisted of the following:

| Name                 
 2023                 |     | Nature                            | 2024 | As of March 31, 
 HKD             |         | 2024 | HKD |         |     | USD |        |
|:---------------------|:----|:----------------------------------|:-----|:----------------|--------:|:-----|:----|--------:|:----|:----|-------:|
| Mr. Wong             |     | Amount due from a shareholder     |      | $               | 545,716 |      | $   | 165,505 |     | $   | 21,219 |
| Take Care HK Limited |     | Amount due from a related company |      | $               | 353,165 |      | $   |       — |     | $   |      — |

The amount due from a shareholder represented the temporary advances by the Company. The amount is unsecured, interest -freeand due on demand. The balance is expected to be repaid in full on or before December31, 2024. The amount due from a related company represented temporary advances in non -tradenature, which is unsecured, interest -freeand repayable on demand. The balance was settled in full in March 2024. In the ordinary course of business, during the years ended March 31, 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 years as presented (for the portion of such period that they were considered related):

| Name                  |     | Nature                        |     | For the years ended March 31, 
 2023                          
 HKD