Company: GINT
Filing Date: 2025-06-06
Form Type: F-1
Source: 0001213900-25-052213
Chunk: 86

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-06
Form: F-1
Chunk 86
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 offering will incur immediate dilution. For more information on the dilution you may experience as a result of investing in this offering, see “Dilution”. Our Controlling Shareholder has significant voting power and may take actions that may not be in the best interests of our other shareholders. As of the date of this prospectus, Mr.Wong, our Controlling Shareholder, owns 8,248,500 Class B Ordinary Shares, representing 94.26% of the total voting power of the Company. After completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, Mr.Wong will hold [8,248,500] Class B Ordinary Shares, representing [93.46]% of the total voting power of the Company assuming that the underwriters do not exercise their over -allotmentoption. As a result, Mr.Wong will be able to control the management and affairs of our Company and most matters requiring shareholder approval, including the election of directors and approval of significant corporate transactions. The interests of Mr.Wong may not be the same as or may even conflict with your interests. For example, Mr.Wong could attempt to delay or prevent a change in control of us, even if such change in control would benefit our other shareholders, which could deprive our shareholders of an opportunity to receive a premium for their Class A Ordinary Shares as part of a sale of us or our assets, and might affect the prevailing market price of our Class A Ordinary Shares due to investors’ perceptions that conflicts of interest may exist or arise. As a result, this concentration of ownership may not be in the best interests of our other shareholders. We will be a “controlled company” within the meaning of Nasdaq rules and we will qualify for and may rely on exemptions from certain corporate governance requirements. We will be a “controlled company” within the meaning of Nasdaq Stock Market Rules. As of the date of this prospectus, our Controlling Shareholder, Mr.Ngai Chiu Wong, owns 8,248,500 Class B Ordinary Shares, representing approximately 94.26% of the total voting power of our Company. Following completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, [8,248,500] Class B Ordinary Shares, representing [93.46]% of the total voting power of our Company, will be owned by Mr.Wong, assuming that the underwriters do not exercise their over -allotmentoption. Under Nas