Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 197

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 197
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 process within the United States upon us or these persons.

| Name                |     | Position                                        |     | Nationality |     | Residence |
| Mr. Ngai Chiu Wong  |     | Chairman, Director, and Chief Executive Officer |     | Chinese     |     | Hong Kong |
| Mr. Sze Yeung Yau   |     | Chief Financial Officer                         |     | Chinese     |     | Hong Kong |
| [Ms. Wai Chun Chik] |     | Independent Director                            |     | Chinese     |     | Hong Kong |
| [Mr. Cheuk Kwan Ng] |     | Independent Director                            |     | Chinese     |     | Hong Kong |
| [Mr. Man Fai Kwan]  |     | Independent Director                            |     | Chinese     |     | Hong Kong |

Hong Kong Several of our directors and officers reside outside the United States in Hong Kong. We have been advised by David Fong & Co., our Hong Kong counsel, that there is uncertainty as to whether the courts of Hong Kong would (i) recognize or enforce judgments of United States courts obtained against us or our directors or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States or (ii) entertain original actions brought in Hong Kong against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States. A judgment of a court in the United States predicated upon U.S. federal or state securities laws may be enforced in Hong Kong at common law by bringing an action in a Hong Kong court on that judgment for the amount due thereunder, and then seeking summary judgment on the strength of the foreign judgment, provided that the foreign

133 judgment, among other things, is (1) for a debt or a definite sum of money (not being taxes or similar charges to a foreign government taxing authority or a fine or other penalty) and (2) final and conclusive on the merits of the claim, but not otherwise. Such a judgment may not, in any event, be so enforced in Hong Kong if (a) it was obtained by fraud; (b) the proceedings in which the judgment was obtained were opposed to natural justice; (c) its enforcement or recognition would be contrary to the public policy of Hong Kong; (d) the court of the United States was not jurisdictionally competent; or (e) the judgment was in conflict with a prior Hong Kong judgment. Hong Kong has