Company: GINT
Filing Date: 2025-05-19
Form Type: DRS/A
Source: 0001213900-25-045183
Chunk: 105

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-19
Form: DRS/A
Chunk 105
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 12.5 |     |  3,203,923 |     |  24.1 |
| Total operating expenses         |     |                             12,332,666 |     | 100.0 |     | 13,295,660 |     | 100.0 |

Shipping and handling costs Shipping and handling costs mainly consist of shipping costs incurred to deliver the products from the workshop to the designated location of the customer orders. The increase in shipping and handling costs of approximately HK$0.4 million for 6M24, was mainly attributable to the price increment in courier fee charge, as compared to 6M2023.

58 Sales and marketing costs Sales and marketing costs consist primarily of (i) advertising expenses; (ii) online portal and e -catalogexpenses; (iii) customer service center expenses; and (iv) operating expenses of our departments engaged in marketing, selling and merchandising activities. The decrease in sales and marketing costs of approximately HK$1.27 million was mainly attributable to the decrease in advertising expenses of approximately HK$1.08 million for 6M2024. Technology and development costs Technology and development costs consist primarily of (i) outsourced support and operating expenses of our information technology group; (ii) costs associated with our websites, including hosting, content development and maintenance and support costs related to order entry, customer service, fulfillment and database systems; and (iii) costs associated with repair maintenance, or the development of website content are expensed as incurred. The technology and development costs increased from HK$0.3 million for 6M2023 to HK$0.5 million (US$67,016) for 6M2024. An increase was primarily driven by expenses related to system upgrades and enhancements to the backend payment portal. Personnel and benefit costs Personnel and benefit costs consist primarily of salaries and benefits for our operating staff. The personnel and benefit costs were HK$3.5 million and HK$3.5 million (US$0.4 million) for 6M2023 and 6M2024 respectively. General and administrative costs General and administrative costs consist primarily of (i) salaries and benefits for our general and administrative staff; (ii) retirement plan costs; and (iii) other expenses primarily including general office expenses. The general and administrative costs increased from HK$1.5 million for 6M2023 to HK$3.2million (US$0.4million) for 6M2024