Company: GINT
Filing Date: 2025-08-15
Form Type: F-1/A
Source: 0001213900-25-077286
Chunk: 217

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-15
Form: F-1/A
Chunk 217
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.) |   | 2025 | As of March 31, 
 HKD             |           |     | HKD |           |     | USD |         |
|:--------------------------|:----|:------------------|:-----|---------:|:--|:-----|:----------------|----------:|:----|:----|----------:|:----|:----|--------:|
| Loan : HK$5.0 million     |     | March 2, 2029     |      |     3.00 | % |      | $               | 1,682,844 |     | $   | 1,368,968 |     | $   | 175,962 |
| Loan : HK$4.0 million     |     | May 23, 2028      |      |     3.00 | % |      |                 | 2,860,605 |     |     | 2,210,335 |     |     | 284,108 |
| Loan : HK$2.5 million     |     | February 19, 2029 |      |     2.76 | % |      |                 | 2,764,013 |     |     | 2,201,842 |     |     | 283,017 |
|                           |     |                   |      |          |   |      | $               | 7,307,463 |     | $   | 5,781,145 |     | $   | 743,087 |

The Company obtained certain loans from one financial institution in Hong Kong, in the aggregate principal amount of up to HK$11.5 million (US$1.48 million), up to March 31, 2025. These loans bear annual interest at the bank prevailing rates ranging from 2.76% to 3.00%. The Company is subject to various financial covenants under certain loan agreements, which include repayment on -demandclause. Hence, all of these bank borrowings are reclassified as “current liabilities”. Interest expense related to the bank borrowings were HK$187,683 and HK$208,620 (US$26,815) for the years ended March 31, 2024 and 2025, respectively. These banking facilities are guaranteed and secured, details of which are set out as follows:- (a)unlimited personal guaranteed by Mr. Wong, the director of the Company (b)guaranteed