Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 117

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 117
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 |    4,622,285 |     | 1,958,099 |     | 9,751,784 |

The following table summarizes our contractual obligations as of March 31, 2024:

|                  |     | Payment due by period |     |              |     |           |     |           |
|                  |     |             Less than 
                1 year |     | 1 to 3 years |     | More than 
   3 years |     |     Total |
|                  |     |                   HKD |     |          HKD |     |       HKD |     |       HKD |
| Borrowings       |     |             1,473,360 |     |    3,120,014 |     | 2,714,089 |     | 7,307,463 |
| Lease obligation |     |               442,878 |     |            — |     |         — |     |   442,878 |
| Total            |     |             1,916,238 |     |    3,120,014 |     | 2,714,089 |     | 7,750,341 |

The amount represents contractual lease obligations entered into by the Group which will be due within the next 1 year and long -termbank borrowings entered by the group due within the next 5 years. Critical Accounting Policies and Estimates The following critical accounting policies were used in preparing our combined financial statements: Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes -OxleyAct, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

66 Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have