Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 198

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 198
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 Company resolved and approved for a share subdivision by subdividing each issued and unissued share into 3shares, such that the Company was authorized to issue a maximum number of 165,000,000,000 Ordinary Shares at no par value, dividing into (i) 164,700,000,000 Class A Ordinary Shares at no par value and (ii) 300,000,000 Class B Ordinary Shares at no par value, as part of the Company’s recapitalization (the “Second Share Subdivision”). Unless indicated or the context otherwise requires, all share numbers and per share data in these financial statements have been retroactively presented to reflect the effect of the series of the above share exercises, as if such transactions occurred on the earliest day of the periods presented. Group Reorganization Since July 2025, the Company conducted several transactions for the purposes of a group reorganization (“Group Reorganization”) and was completed in October 2024. Prior to a group reorganization, BLOC was directly held as to 100% by Mr. John Wong (“Mr. Wong”). Upon completion of the reorganization, Mr. Wong ultimately owns 100 ordinary shares of the Company and BLOC becomes a 100% indirectly -ownedsubsidiary of the Company. During the years presented in these consolidated and combined financial statements, the control of these entities has been demonstrated by Mr. Wong, as a sole owner, as if the reorganization had taken place at the beginning of the earlier date presented. Accordingly, the combination has been treated as a corporate restructuring (“Reorganization”) of entities under common control and thus the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and in accordance with ASC 805 -50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under common control. The combination of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated and combined financial statements. NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These accompanying financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying financial statements and notes. •Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 201