Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 116

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 116
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 Net cash (used in) provided by operating activities |     |                         (9,191 | ) |     |    755,918 |   |     |   97,293 |   |
| Net cash used in investing activities               |     |                        (59,500 | ) |     |    (42,562 | ) |     |   (5,478 | ) |
| Net cash used in financing activities               |     |                       (133,532 | ) |     | (5,983,396 | ) |     | (770,131 | ) |
| Net change in cash and cash equivalent              |     |                       (202,223 | ) |     | (5,270,040 | ) |     | (678,316 | ) |

65

Cash used in operating activities In 6M2024, our net cash provided by operating activities was HK$0.8 million (US$0.1 million), which primarily reflected cash inflow from our net income of HK$1.7 million (US$0.2 million) adjusted for (i) net non -cashexpense of HK$0.9 million, which represents depreciation of plant and equipment and non -cashlease expense; and (ii) net decrease in working capital of HK$1.8 million 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