Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 104

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 104
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. Ability of our Group to stay competitive in the market Our Group has continued to expand since we commenced business in 2008. The sustainability of our revenue and net profit will depend upon our ability to remain competitive in the gifting and floral industry and to provide high quality products. Ability of our Group to accurately predict our customers’ future needs Our revenue is derived from different types of clients, over 135,000 corporate and individual customers. Our corporate clients span across different industries, including banks, insurance companies, real estate companies, Hong Kong listed companies, multi -nationalcorporations, marketing companies, media agencies and other local businesses. The needs of each of our customers for gifting may vary significantly from time to time. It is difficult to accurately predict our customers’ seasonal and special preferences and specific requirements. There is no assurance that the demand for our products from our customers may be maintained or continue to grow in the years ahead. 55

Results of Operations Comparison of Years ended March 31, 2024 and 2025 The following table sets forth the results of our operations for the years ended March 31, 2024 and 2025, respectively:

|                                             |     | Years ended March 31, 
 2024                  
 HKD                   |             |   |     |        2025 
         HKD |   |     | 2025 
 USD  |            |   |
|:--------------------------------------------|:----|:----------------------|------------:|:--|:----|------------:|:--|:----|:-----|-----------:|:--|
| Revenues, net                               |     | $                     |  81,533,365 |   |     |  91,824,956 |   |     | $    | 11,802,845 |   |
| Cost of revenues:                           |     |                       |             |   |     |             |   |     |      |            |   |
| From third parties                          |     |                       | (49,528,420 | ) |     | (59,458,177 | ) |     |      | (7,642,538 | ) |
| From related party                          |     |                       |  (1,070,858 | ) |     |    (718,276 | ) |     |      |    (92,325 | ) |
| Total cost of revenues                      |     |                       | (50,599,278 | ) |     | (60