Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 232

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 232
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 by GIHL  |
| Broaden Leisure Outlets Company Limited (“BLOC”)  |     | •   Hong Kong company                                           
 •   Incorporated on June 2, 2008                                
 •   Issued and outstanding 10,000 ordinary shares for HK$10,000 
 •   Sale and distribution of gift and floral bouquets           |     | 100% owned by GGBB  |
| Macau Give Gift Boutique Company Limited (“MGGB”) |     | •   Macau company                                               
 •   Incorporated on July 17, 2012                               
 •   Issued and outstanding 100 ordinary shares for MOP25,000    
 •   Sale and distribution of gift and floral bouquets           |     | VIE                 |

The Company and its subsidiaries and VIE are hereinafter referred to as (the “Company”). Group Reorganization Since July 2024, the Company anticipated several transactions for the purposes of a group reorganization. In October 2024, the Company completed the group reorganization. Prior to a group reorganization, BLOC was directly held as to 100% by Mr. John Wong (“Mr. Wong”). Upon completion of the reorganization, Mr. Wong ultimately owned 100% equity interest of the Company and BLOC becomes a 100% indirectly -ownedsubsidiary of the Company. During the years presented in these combined financial statements, the control of these entities has been demonstrated by Mr. Wong, as a sole owner, as if the reorganization had taken place at the beginning of the earlier date presented. Accordingly, the combination has been treated as a corporate restructuring (“Reorganization”) of entities under common control and thus the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and in accordance with ASC Topic 805 -50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under common control. The combination of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying combined financial statements.

F-30 GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE COMBINED FINANCIAL STATEMENTS NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These accompanying combined financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying combined financial