Company: GINT
Filing Date: 2025-06-06
Form Type: F-1
Source: 0001213900-25-052213
Chunk: 135

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-06
Form: F-1
Chunk 135
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 consumable corporate gifting services amounted to HK$1,058 million, respectively, with a CAGR of about 8.1% since 2019. The following chart shows the amount of clients spending on consumable corporate gifting services market in Hong Kong from 2018 to 2023.

79 ____________ Source:Migo Competitive Landscape of the Consumable Corporate Gifting Industry By focusing on continuous product innovation, expanding luxury offerings, leveraging online channels, and targeting specific demographics, the Group can drive growth and meet the evolving demands of consumers who seek delivers beautiful fresh flowers, cherry -pickseasonal fruits, fine wine and premium candy to their valued ones. A lucrative market opportunity within the corporate gift sector lies in the integration of technology to enhance personalization and utility. As businesses strive to differentiate their gifts and leave a lasting impression, incorporating innovative technologies. The integration of Al and machine learning for personalized gifting recommendations, as well as improved logistics and tracking capabilities, will further shape the industry. This not only aligns with the modern, tech -drivenbusiness environment but also provides the Group with a distinct competitive advantage in the corporate gifting landscape. The Group will continue to innovate in product offerings, exploring new flavors, healthier options, and unique combinations to stand out in the crowded market. According to the Migo research, most of the consumable corporate gift service providers, including the top five brands in Hong Kong are chain centers that are currently denominated by local brands. Premium brands, including our brand ‘‘GiveGiftBoutique’’ are targeting consumers with high -incomelevels, with our Group recording an average order value of over US$100. Moreover, premium brands can afford high marketing expenses with celebrity endorsement, which are more easily recognized by customers and are perceived as more reliable. 80

The consumable corporate gift service market in Hong Kong is highly competitive. The table below sets out the top five service providers in the consumable corporate gift service market in Hong Kong as of 31 March 2023 in terms of numbers of large corporation clientele and vehicle fleet:

| Competitors |     |       Ranking by 
 numbers of large 
      corporation 
    clientele and 
    vehicle fleet |     | Market Shares % |     | Service provider                                                                                                              |
| Our Group   |     |                1 |     | 7.6%            |     | /                                                                                                                             |
| Company A   |     |                2 |     | 15.1%           |     | A subsidiary of a