Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 108

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 108
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 terms agreed with our suppliers. As of the date of this prospectus, we settled approximately 69.2% of our accounts payable as of March31, 2025. As of March31, 2025, our current assets were approximately HK$16.5million, and our current liabilities were approximately HK$16.2million. As of March 31, 2024, our current assets were approximately HK$12.7 million, and our current liabilities were approximately HK$9.7 million. Current ratio declined from approximately 1.3 times in FY2024 to 1.0 times in FY2025. In view of the current cash and bank balances, funds generated by operating activities and the bank borrowings, we believe our Company has sufficient resources to meet the working capital needs in the next 12 months from the date the audited financial statements are issued. However, our ability to meet the liquidity and capital requirement will be subject to future economic conditions and other factors which are beyond our control. 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 (see “Dividend Policy”). We intend to use the net proceeds from this offering in the following manner: •approximately 25% for marketing and customer acquisition, including brand awareness campaigns, customer loyalty programs and international expansion; •approximately 25% for development of technology and platform enhancement artificial intelligence, including marketing system to enhance marketing efficiency and platform scalability; •approximately 20% for expansion of our product portfolio and inventory management/optimization; •approximately 20% for operational scaling and expansion, including fulfillment centers, talent acquisitions and sustainability initiatives; and •remaining amount for general administration and working capital. Significant bank borrowings The following table sets forth a summary of our bank borrowings as of March 31, 2024 and 2025, respectively:

| Bank borrowings,      
 secured:              
 Maturity date         |     | 2024              |     | Interest 
     rate 
   (p.a.) | 2025 |     | As of March 31, 
 HKD             |      2025 |     | HKD |           |     | USD |         |
|:----------------------|:----|:------------------|:----|---------:|:-----|:----|:----------------|----------:|:----