Company: GINT
Filing Date: 2025-10-15
Form Type: F-1/A
Source: 0001213900-25-099087
Chunk: 206

Company: Gifts International Holdings Ltd
Filing Date: 2025-10-15
Form: F-1/A
Chunk 206
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 Company is in control of establishing the transaction price, managing all aspects of the shipment term, and taking the risk of loss for delivery, collection, and returns. Based on the Company’s evaluation of the control model, it is determined that all the Company’s major businesses act as the principal rather than the agent within their revenue arrangements and such revenues are reported on a gross basis. Disaggregation of Revenue The Company has disaggregated its revenue from contracts with customers into categories based on the business operation of the revenue as follows:

| Sale of products     
 2024                 |     | Point of           
 recognition        | 2025 | For the years ended March 31, 
 HKD                           |            | 2025 | HKD |            |     | USD |            |
|:---------------------|:----|:-------------------|:-----|:------------------------------|-----------:|:-----|:----|-----------:|:----|:----|-----------:|
| Corporate clients    |     | At a point in time |      | $                             | 54,372,507 |      | $   | 64,761,868 |     | $   |  8,324,254 |
| Individual customers |     | At a point in time |      |                               | 27,180,858 |      |     | 27,063,088 |     |     |  3,478,591 |
|                      |     |                    |      | $                             | 81,553,365 |      | $   | 91,824,956 |     | $   | 11,802,845 |

F-12 GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) •Cost of Revenues Cost of revenues consists primarily of the cost of floral and non -floralmerchandise sold from inventory or through third parties, bouquet fulfillment costs, and the cost associated with wrapping and packaging. •Shipping and Handling Costs Shipping costs incurred to deliver the products from the workshop to the designated location of the customer orders totaled HK$4,550,399 and HK$4,395,672 (US$565,004) for the years ended March 31, 2024 and 2025, respectively. •Sales and Marketing Costs Marketing and sales expense consists primarily of advertising expenses, online portal and e -catalog