Company: GINT
Filing Date: 2025-05-19
Form Type: DRS/A
Source: 0001213900-25-045183
Chunk: 103

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-19
Form: DRS/A
Chunk 103
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 Regarding Forward -Looking Statements” for a discussion of the uncertainties, risks and assumptions associated with these statements. Actual results and the timing of events could differ materially from those discussed in our forward -looking statements as a result of many factors, including those set forth under “Risk Factors” and elsewhere in this prospectus. Overview We believe we are a leading provider in Hong Kong’s high -valuecorporate gifting industry. Operating under the “GiveGiftBoutique” brand, we offer one -stopB2B tailored gift solutions with custom proposals, as well as predesigned gifts through our eCommerce website. We diverse product line caters to both B2B and business -to-customer(B2C) markets, including branded gift hampers, VIP box sets, floral and fruit baskets, and seasonal gifts, serving various occasions in Hong Kong. For the years ended March 31, 2024 and 2023, total revenue was HK$81.6 million (US$10.5million) and HK$87.5 million, respectively. Our gross profit and net income were HK$31.0 million (US$4.0million) and HK$6.3million (US$0.8million), respectively, for the year ended March 31, 2024, as compared to our gross profit and net income of HK$27.1 million and HK$3.7 million, respectively, for the year ended March 31, 2023. For the six months ended September30, 2024 (“6M2024”) and six months ended September30, 2023 (“6M2023”), our revenues were HK$41.7million (US$5.4million) and HK$41.1million, respectively. Our gross profit and net income were HK$15.5million (US$2.0million) and HK$1.7million (US$0.2million), respectively, for 6M2024, as compared to our gross profit and net income of HK$15.5million and HK$2.7million, respectively, for 6M2023. Impact of COVID-19 on our business As most of the pandemic restrictions in Hong Kong had been eased by early 2023, we do not expect material impact of COVID -19on our business for the year ending March 31, 2024. Key factors affecting operating results We believe the following key factors may affect our results of operations: Economic