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

Company: Gifts International Holdings Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 18
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 form of dividends from GGBB to Gifts International is not subject to exchange controls, and all such dividends may be freely transferred out of the BVI, clear of any income or other tax of the BVI imposed by withholding or otherwise without the necessity of obtaining any consent of any government or authority of the BVI. No regulatory approval is required for Gifts International to transfer cash to its subsidiaries. Gifts International is permitted under the laws of the BVI to provide funding to its subsidiaries, GGBB and Broaden Leisure through loans and/or capital contributions without restrictions on the amount of the funds loaned or contributed. GGBB is permitted under the laws of the BVI to provide funding to our Hong Kong operating subsidiary, Broaden Leisure through loans and/or capital contributions without restrictions on the amount of the funds loaned or contributed. For the years ended March31, 2024 and 2025, our Hong Kong operating subsidiary, Broaden Leisure declared and distributed a dividend of HK$4,100,000 and HK$1,500,000 (US$192,805) by setting off the amount due from our shareholder, Mr.Ngai Chiu Wong, respectively. We currently intend to retain most, if not all, of our available funds and any future earnings to fund the operation, development, and growth of our business, and, as a result, we do not expect to pay any dividends in the foreseeable future. Consequently, we cannot give any assurance that any dividends may be declared and paid in the future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments. Save as aforementioned, during the years ended March31, 2024 and 2025 and up to the date of this prospectus, there have been (i) no cash flows and transfers of other assets between 3 Gifts International and our subsidiaries; (ii) no dividend payment or distribution made from Broaden Leisure to Gifts International and GGBB; and (iii) no solid plans for Broaden Leisure to make any distribution or dividend payment to Gifts International and GGBB upon listing. Save as aforementioned, neither the Gifts International nor Broaden Leisure has made any dividends or distributions to U.S. investors as of the date of this prospectus. British Virgin Islands.Subject to the BVI Act and our