Company: GINT
Filing Date: 2025-08-15
Form Type: F-1/A
Source: 0001213900-25-077286
Chunk: 118

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-15
Form: F-1/A
Chunk 118
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 2023 -07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures, the Company considered whether additional disclosures were required, including significant segment expenses and measures used by the chief operating decision maker (“CODM”). The Company’s CODM is the Chief Executive Officer, who is responsible for reviewing performance and making decisions regarding resource allocation. For the years ended March31, 2024 and 2025, the Company operates and manages its business as one single business segment, in accordance with ASC 280. The CODM evaluates the Company’s performance and assesses the operational results on a consolidated basis, utilizing key metrics such as net revenues, operating profit and consolidated net income to guide strategic decisions and resource allocation aligned with the Company’s operational objectives. The CODM uses the consolidated net income to monitor budget versus actual results in assessing the performance and in establishing management’s compensation based on profitability, also to evaluate the return on segment assets to determine whether to reinvest profits into the business, such as, through acquisitions or to distribute earnings via dividends. The CODM also reviews function expenses, including cost of revenues, sales and marketing, technology and development, personnel and benefit, and general and administrative, at the consolidated level to manage and make decision to allocate resources for the Company’s operations. Other segment items reflected in consolidated net income, such as interest income, interest expense, and income tax expense, are presented in the consolidated statements of operations. Refer to the Company’s consolidated statements of operations for the details of significant segment expenses and net income in the years presented. The Company substantially generates its revenues from customers in Hong Kong. Accordingly, no geographical segments are presented. Substantially, all of the Company’s long -livedassets are located in Hong Kong. Pension Costs Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying statements of operations as the related employee service are provided. The Company also recognizes long service payments to be made by the Company to its employees upon the termination of services as a defined benefit plan under post -employmentbenefits. The cost of providing benefits is measured using projected unit credit method with actuarial valuations to determine its present value and service cost. When the calculation results in a benefit to the Company, the recognized assets are limited to lower of the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to 65 the plan and the asset ceiling. The net defined benefit liabilities recognized in the consolidated and