Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 99

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 99
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,839] |   |
| Total capitalization                                                                                                                                                                                                 |     |                1,523,037 |     | [5,039,969] |   |

____________ (1)The number of our Ordinary Shares had been adjusted retrospectively to reflect the increase in share capital. See “Description of Shares” for more details. (2)Additional paid -incapital reflects the net proceeds we expect to receive, after deducting underwriting fee, underwriter’s expense allowance and other expenses. We expect to receive net proceeds of approximately $[3.7] million (offering proceeds of $[6.0] million, less underwriting discounts of $[450,000], and offering expenses of approximately $[1.8] million). (3)On October 23, 2024, the Company declared and paid the special dividend of HK$1,500,000 (US$193,068) by setting off the amount due from a shareholder, Mr. Ngai Chiu Wong.

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DILUTION If you invest in our Class A Ordinary Shares, you will incur immediate dilution since the public offering price per share you will pay in this offering is more than the net tangible book value per ordinary share immediately after this offering. The net tangible book value of our ordinary shares as of September30, 2024 was $[(181,516)], or $[(0.01)] per share based upon [10,051,500] Class A Ordinary Shares and [8,248,500] Class B Ordinary Shares outstanding. Net tangible book value represents the amount of our total assets less our total liabilities, excluding deferred offering cost and right -of-useassets. Net tangible book value per ordinary share represents net tangible book value divided by the total number of our ordinary shares outstanding as of September30, 2024. The dilution in net tangible book value per share to new investors, represents the difference between the amount per share paid by purchasers of shares in this offering and the pro forma net tangible book value per share immediately after completion of this offering. After giving effect to the sale of the [1,500,000] Class A Ordinary Shares being sold pursuant to the offering price of $[4.00] per share, and after deducting underwriters’ discount and commission payable by us in the amount of $[450,000], dividend declared and paid on October23, 2024 of HK$1,500,000 (US$193,068) and estimated offering expenses in