Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 141

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 141
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2019 |     |   2020 |     |    2021 |     |    2022 |     |    2023 |
| Public companies                    |     |      38 |     |      54 |     |     78 |     |      61 |     |      39 |     |      49 |
| Private companies                   |     | 150,738 |     | 123,700 |     | 98,368 |     | 109,745 |     | 103,105 |     | 131,060 |
| Guarantee companies                 |     |     963 |     |     987 |     |    959 |     |   1,034 |     |     976 |     |   1,137 |
| Total No. of companies incorporated |     | 151,739 |     | 124,741 |     | 99,405 |     | 110,840 |     | 104,120 |     | 132,246 |

____________ Source:Companies Registry, Hong Kong and Migo Event-Driven Demand All year gifting is being driven by the evolution of clients’ lifestyles. Increased social connectivity, diverse celebrations, and a desire for meaningful connections characterize modern lifestyles. People in Hong Kong are not only inclined to engage in gifting activities throughout the year, but also confined to traditional occasions like birthdays and traditional festivals. For instant, Chinese Luner New Year, the Mid -AutumnFestival, Christmas are significant holidays where gift hampers are commonly exchanged as gifts. The event -drivendemand for consumable corporate gifting in the market during festivals is quite high. It is very common to exchange elaborately packaged gift sets as a token of appreciation to family, friends,

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and business associates in Hong Kong. The market during the festivals seasons are usually very competitive, with various brands offering different flavors and packaging to attract customers. In addition, HKSAR Government provides two types of public holidays: statutory and general holidays. Statutory holidays are mandated under the Employment Ordinance and must be provided to all employees. Corporate customers are seeking opportunities to make their customers feel valued, appreciated, and special on various occasions, such as grand openings, promotions, achievements, or even as simple as a gesture of friendship. The following table shows the 14 statutory holidays for 2024 in Hong Kong: The 14 Statutory Holidays for 2024 are:

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