Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 134

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 134
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 for disposal. Also under section 4 of the POBO, a Government officer soliciting or accepting any advantage as an inducement, reward or reason for abusing his official power or position in his official capacity shall be guilty of an offense with a maximum fine of HK$500,000 and imprisonment for 7 years. An advantage becomes a bribe when there is an illegitimate purpose linked to the offer, solicitation or acceptance. The advantage is widely drafted to capture all of the usual acts commonly associated with a bribe, including gifts of goods or money, loans, services, contracts, employment, the exercise or forbearance of exercise of certain rights, favors and discharge of liability in whole or in part. There is no de minimis threshold. According to the POBO, advantage refers to anything that is of value. such as money, gift, commission, loan, employment, service or favor, except entertainment. Whereas entertainment refers to the provision of food or drink for consumption on the occasion when it is provided, and any other entertainment connected with such provisions. Active bribery by giving, offering or promising an advantage, as well as passive bribery by soliciting or accepting an advantage are both criminal offenses under the POBO. 77 Resource availability Consumable corporate gifting requires improving sustainability and environmental protection is another shared challenge, as the industry depends on natural resources and requires responsible agricultural practices. Vendors of growers must adopt measures to conserve soil, promote responsible water management and protect biodiversity, to prevent the overexploitation of natural resources and the indiscriminate use of pesticides. Optimize the efficiency of marketing and distribution Efficient and resilient supply chains are essential to the consumable corporate gifting industry, and we face similar obstacles in dealing with complex import regulations and changing consumer demand. The floral and fruit produce industries must properly manage logistics and distribution to ensure products reach consumers in optimal condition. In addition, careful planning and precise coordination between vendors, distributors and retailers is required to meet the demand for annual and seasonal products in the international markets. Another shared challenge is the need to adapt to changing consumer preferences and market trends. Innovations in product presentation, diversification of supply and promotion of ethical and sustainable business practices can improve competitiveness and drive market success. Ensuring Data Security and Privacy Data privacy and security concerns are one of the key challenges hindering the market growth. Cloud security management is a crucial task for the market players to protect online data. It is essential to secure online digital files from unauthorized access in the cloud -basedIT infrastructure. However, these cloud