Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 116

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 116
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 lease liabilities of HK$1.1 million; and (ii) increase in deferred revenue of HK$0.6 million.

65

Cash used in investing activities Net cash used in investing activities for the year ended March 31, 2024 and 2023 were HK$73,996 (US$9,487) and HK$0.1 million respectively, which represent cash payment for purchase of plant and equipment. Cash used in financing activities For the year ended March 31, 2024, net cash used in financing activities was HK$2.4 million (US$0.3 million), mainly consisted of (i) repayment to a shareholder of HK$3.7 million; and (ii) repayment to bank borrowings of HK$1.5 million, which are offset by proceed from bank borrowings of HK$2.5 million. For the year ended March 31, 2023, net cash used in financing activities was HK$1.6 million, mainly consisted of (i) repayment to a shareholder of HK$4.5 million; and (ii) repayment to bank borrowings of HK$3.0 million, which are offset by proceed from bank borrowings of HK$4.0 million. Off-Balance Sheet Arrangements We had not entered any material off -balancesheet transactions and arrangements during the six months ended September30, 2024 and 2023, and the years ended March 31, 2024 and 2023. Contractual obligations The following table summarizes our contractual obligations as of September30, 2024:

|                  |     | Payment due by period |     |              |     |           |     |           |
|                  |     |             Less than 
                1 year |     | 1 to 3 years |     | More than 
   3 years |     |     Total |
|                  |     |                   HKD |     |          HKD |     |       HKD |     |       HKD |
| Borrowings       |     |             1,540,095 |     |    3,189,653 |     | 1,820,782 |     | 6,550,530 |
| Lease obligation |     |             1,631,305 |     |    1,432,632 |     |   137,317 |     | 3,201,254 |
| Total            |     |             3,171,400 |