Company: GINT
Filing Date: 2025-05-19
Form Type: DRS/A
Source: 0001213900-25-045183
Chunk: 114

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-19
Form: DRS/A
Chunk 114
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4 |   |     |     2024 |   |
|                                           |     |                   HKD |   |     |        HKD |   |     |      USD |   |
| Net cash provided by operating activities |     |             5,457,277 |   |     |  5,280,775 |   |     |  677,023 |   |
| Net cash used in investing activities     |     |              (122,890 | ) |     |    (73,996 | ) |     |   (9,487 | ) |
| Net cash used in financing activities     |     |            (1,617,281 | ) |     | (2,417,130 | ) |     | (309,888 | ) |
| Net increase in cash and cash equivalent  |     |             3,717,106 |   |     |  2,789,649 |   |     |  357,648 |   |

Cash provided by operating activities In FY2024, our net cash provided by operating activities was HK$5.3 million (US$0.7 million), which primarily reflected cash inflow from our net income of HK$6.3 million (US$0.8 million) adjusted for (i) net non -cashexpense of HK$1.1 million, which represents depreciation of plant and equipment and non -cashlease expense; and (ii) net decrease in working capital of HK$2.1 million mainly attributable to cash outflow arising from (i) increase in lease liabilities of HK$1.1 million; (ii) decrease in inventories of HK$0.8 million; and (iii) decrease in accounts receivable of HK$0.6 million, which were offset by cash inflow arising from decrease in income tax payable of HK$0.6 million. In FY2023, our net cash provided by operating activities was HK$5.5 million, which primarily reflected cash inflow from our net income of HK$3.7 million adjusted for (i) net non -cashexpense of HK$1.1 million, which represents depreciation of plant and equipment and non -cashlease expense; and (ii) net increase in working capital of HK$0.6 million mainly attributable to cash inflow arising from increase in accounts receivable of HK$2.5 million, which were offset by cash outflow arising from (i) increase in lease liabilities of HK$