Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 107

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 107
---
000 with no par value of a single class to 500,000,000 with no par value of a single class (“ Increase”). Immediately upon the Increase became effective on October9, 2024, 99,999 Shares were issued and allotted to Mr.Ngai Chiu Wong at a total consideration of US$1.00 (“ Allotment”). As a result of the Allotment, Gifts International was held as to 100% (100,000 Shares with no par value) by Mr.Ngai Chiu Wong. On October14, 2024, Mr.Ngai Chiu Wong entered into sale and purchase agreements for the sale of 4,050 Shares, 4,050 Shares, 4,050 Shares, 2,190 Shares and 1,950 Shares with Bluecrest Global Limited, Equinox Strategic Limited, Vanguard Crest Limited, Summit Wave Limited and Nexus Growth Limited at a consideration of US$243,000, US$243,000, US$243,000, US$131,400 and US$117,000, respectively. On January21, 2025, Mr.Ngai Chiu Wong entered into sale and purchase agreements for the sale of 3,260 Shares with ISIGN Consultancy Limited at a consideration of US$195,600. Following the transfers, Gifts International is owned as to 80.45% (80,450 Shares), 4.05% (4,050 Shares), 4.05% (4,050 Shares), 4.05% (4,050 Shares), 2.19% (2,190 Shares), 1.95% (1,950 Shares) and 3.26% (3,260 Shares) by Mr.Ngai Chiu Wong, Bluecrest Global Limited, Equinox Strategic Limited, Vanguard Crest Limited, Summit Wave Limited, Nexus Growth Limited and ISIGN Consultancy Limited, respectively. On February17, 2025, Gifts International resolved and approved for a share subdivision at a ratio of 1 -for-110such that the Company was then authorized to issue a maximum number of 55,000,000,000 Shares of no par value, as part of the Company’s recapitalization (the “ Share Subdivision”). Accordingly, following the Share Subdivision, Mr.Wong, Bluecrest Global, Equinox Strategic, Vanguard Crest, Summit Wave, Nexus Growth and ISIGN held 8,849,500 Shares, 445,500 Shares,