Company: GINT
Filing Date: 2025-05-19
Form Type: DRS/A
Source: 0001213900-25-045183
Chunk: 222

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-19
Form: DRS/A
Chunk 222
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 Shares to Mr.Wong, and (ii) in aggregate, 2,150,500 Class A Ordinary Shares to the other shareholders. On May16, 2025, Mr.Wong surrendered 4,900,000 Class B Ordinary Shares to the Company for no consideration (“Surrender”). On May16, 2025, the Company repurchased 700,000 Class B Ordinary Shares from Mr.Wong and issued 700,000 Class A Ordinary Shares to Mr.Wong for no consideration (“Repurchase”). Upon completion of the Repurchase, Mr.Wong owned 1,200,000 Class A Ordinary Shares and 2,749,500 Class B Ordinary Shares. On May16, 2025, the Company resolved and approved for a share subdivision by subdividing each issued and unissued share into 3shares, such that the Company was authorized to issue a maximum number of 165,000,000,000 Shares at no par value shares, dividing into (i) 164,700,000,000 Class A Ordinary Shares at no par value and (ii) 300,000,000 Class B Ordinary Shares at no par value, as part of the Company’s recapitalization (the “Second Share Subdivision”). Unless indicated or the context otherwise requires, all share numbers and per share data in these combined financial statements have been retroactively presented to reflect the effect of the series of the above share exercises, as if such transactions occurred on the earliest day of the periods presented. The Company has authorized two classes of Ordinary Shares, Class A and Class B. The rights of the holders of each class of Ordinary Shares are identical, except with respect to voting and conversion rights. Each share of Class A Ordinary Share entitles the holder to one (1) vote on all matters subject to vote at general meetings of the Company and is not convertible into any Class B Ordinary Shares. Each share of Class B Ordinary Shares entitles the holder to twenty (20) votes at general meetings of the Company and is convertible into one Class A Ordinary Share. The total number of Ordinary Shares which the Company is authorized to issue up to the maximum of 165,000,000,000shares, at no par value, of which 164,700,000,000 shall be designated as Class A Ordinary Shares, and 300,000,000 shall be designated as Class B Ordinary Shares. At the date of this filing,10,051,500 Class A Ordinary Shares were issued and outstanding, equivalent to total paid -