Company: GINT
Filing Date: 2025-08-04
Form Type: F-1/A
Source: 0001213900-25-070836
Chunk: 223

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-04
Form: F-1/A
Chunk 223
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 at the rate of 12% for the excess, when the income exceeds MOP600,000 (US$74,419). MGGB did not generate operating income for the year ended March31, 2024 and 2025, hence no income tax expense is provided. Hong Kong BLOC is operating in Hong Kong and is subject to the Hong Kong profits tax at the two -tieredincome tax rates at the rate of 8.25% on the estimated assessable income up to HK$2,000,000 (US$257,073) and 16.5% on any part of assessable income over HK$2,000,000 arising in Hong Kong during its tax year.

F-23

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS NOTE 11 — INCOME TAX EXPENSE (CONT.) The reconciliation of income tax rate to the effective income tax rate based on income before income tax expense for the years ended March 31, 2024 and 2025 are as follows:

|                                       |     | Years ended March 31, 
 2024                  
 HKD                   |           |   |     | 2025 
 HKD  |           |   |     | 2025 
 USD  |         |   |
|:--------------------------------------|:----|:----------------------|----------:|:--|:----|:-----|----------:|:--|:----|:-----|--------:|:--|
| Income before income taxes            |     | $                     | 7,343,536 |   |     | $    | 7,514,316 |   |     | $    | 965,862 |   |
| Statutory income tax rate             |     |                       |      16.5 | % |     |      |      16.5 | % |     |      |    16.5 | % |
| Income tax expense at statutory rate  |     |                       | 1,211,684 |   |     |      | 1,239,862 |   |     |      | 159,367 |   |
| Income not subject to taxes           |     |                       |    (5,025 | ) |     |      |    (2,271 | ) |     |      |    (292 | ) |
| Expenses not subject to tax deduction |     |