Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 114

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 114
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 mainly attributable to cash outflow arising from (i) increase in accounts receivable of HK$2.8 million; and (ii) increase in deposits, prepayments and other receivables of HK$2.3 million, which were partial offset by cash inflow arising from increase in accounting payable of HK$1.4 million. In 6M2023, our net cash used in operating activities was HK$9,191, which primarily reflected cash inflow from our net income of HK$2.7 million adjusted for (i) net non -cashexpense of HK$0.6 million, which represents depreciation of plant and equipment and non -cashlease expense; and (ii) net increase in working capital of HK$3.3 million mainly attributable to cash outflow arising from the increase in accounts receivable of HK$4.7 million, which were offset by cash inflow arising from (i) increase in accounts payable of HK$0.8 million; and (ii) increase in accrued liabilities and other payables of HK$0.6 million. Cash used in investing activities Net cash used in investing activities for the six months ended September 30, 2024 and 2023 were HK$42,562 (US$5,478) and HK$59,500 respectively, which represent cash payment for purchase of plant and equipment. Cash used in financing activities For the six months ended September 30, 2024, net cash used in financing activities was HK$6.0 million (US$0.8 million), mainly consisted of (i) offering costs paid of HK$3.9 million; (ii) repayment to a shareholder of HK$1.3 million; and (iii) repayment to bank borrowings of HK$0.8 million. For the six months ended September 30, 2023, net cash used in financing activities was HK$133,532, mainly consisted of (i) repayment to bank borrowings of HK$1.0 million; and (ii) repayment to a related party of HK$43,007, which are offset by advance from a shareholder of HK$0.9 million. The following table sets forth a summary of our cash flows for the years ended March 31, 2024 and 2023, respectively:

|                                           |     | Years ended March 31, |   |     |            |   |     |          |   |
|                                           |     |                  2023 |   |