Company: GINT
Filing Date: 2025-08-04
Form Type: F-1/A
Source: 0001213900-25-070836
Chunk: 126

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-04
Form: F-1/A
Chunk 126
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 turn to other financial institutions to obtain short -termfunding to meet the liquidity shortage. 69 Interest rate risk As of March31, 2024 and 2025, we had outstanding bank borrowings of approximately HK$5.8million (US$0.7million) and HK$7.3million (US$0.9million), respectively, which will be payable within one to five years. The bank borrowings bore an annual effective interest rate ranging from 2.76% to 3.63% per annum. We are exposed to cash flow interest rate risk through the changes in interest rates related mainly to our variable -ratesline of credit, short -termbank loans and bank balances. We currently do not have any interest rate hedging policy in relation to fair value interest rate risk and cash flow interest rate risk. Our directors monitor our exposures on an ongoing basis and will consider hedging the interest rate should the need arises. We have not been exposed to material risks due to changes in interest rates. An increase, however, may raise the cost of any debt we incur presently and, in the future, and result in an adverse impact on our income. Foreign Exchange Risk Foreign exchange risk is the risk that the value of financial assets or liabilities will fluctuate due to changes in foreign exchange rates. We are exposed to foreign exchange risk from our business which is denominated in currencies other than US$ (i.e. HK$). Consequently, the exchange rate to our currency relative to other foreign currencies may change in a manner that has an adverse effect on the value of that portion of our assets or liabilities denominated in currencies other than US$. Our currency exposure is measured and monitored on a regular basis by the manager. Contingent Liabilities We have no material contingent liabilities as of March 31, 2024 and 2025. 70 INDUSTRY The information contained in this section and elsewhere in the prospectus have been derived from various official government and other publications generally believed to be reliable and the market research report prepared by Migo Corporation Limited (“MIGO”) and commissioned by Gifts International Holdings Limited. All information and data presented in this section is derived from MIGO’s industry report, unless otherwise noted. The following discussion includes projections for future growth, which may not occur at the rates that are projected or at all. OVERVIEW OF THE CORPORATE GIFTING IN HONG KONG Gift giving has always been an important concept in Hong Kong as doing business is rooted in Chinese culture and