Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 221

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 221
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 ) |     |         | (58,831 | ) |     |         | (7,572 | ) |
| Future minimum lease payments      |     | $         | 2,839,238 |   |     | $         | 365,444 |   |     | $       | 362,017 |   |     | $       | 46,595 |   |

NOTE 9 — SHAREHOLDERS’ EQUITY Ordinary Shares The Company was established under the laws of British Virgin Island on April 16, 2024, with authorized to issue one class of ordinary share. Under the completion of the Group Reorganization, the maximum number of shares the Company authorized to issue was resolved and approved to be increased to 500,000,000 ordinary shares on October 3, 2024 (“Increase”). On October 9, 2024, immediately upon the Increase became effective, the Company issued in an aggregate of 99,999 ordinary shares to the current shareholder of the Company at the consideration of US$1. (See Note 1). On February17, 2025, the Company resolved and approved for (i) a share subdivision at a ratio of 1 -for-110such that the Company was authorized to issue a maximum number of 55,000,000,000, at no par value shares of a single class (the “Share Subdivision”) and (ii) a share redesignation to further reclassify the maximum number of shares the Company was authorized to issue from 55,000,000,000 ordinary shares of a single class, at no par value, to 55,000,000,000 ordinary shares, at no par value, dividing into (a) 54,900,000,000 Class A Ordinary Shares at no par value, and (b) 100,000,000 Class B Ordinary Shares at no par value (the “Share Redesignation”). a share subdivision at a ratio of 1 -for-110Ordinary Shares. Immediately following the aforesaid share subdivision, the Company then resolved

F-20

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED AND
COMBINED FINANCIAL STATEMENTS NOTE 9 — SHAREHOLDERS’ EQUITY (CONT.) and approved to cancel the then outstanding Ordinary Shares issued, and issue (i) 500,000 Class A Ordinary Shares and