Company: GINT
Filing Date: 2025-10-15
Form Type: F-1/A
Source: 0001213900-25-099087
Chunk: 32

Company: Gifts International Holdings Ltd
Filing Date: 2025-10-15
Form: F-1/A
Chunk 32
---
 with less than $1.235 billion in revenue during our most recently completed fiscal year, we qualify as an “emerging growth company” as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act. As an emerging growth company, we may take advantage of certain reduced disclosure and requirements that are otherwise applicable generally to U.S. public companies that are not emerging growth companies. These provisions include: •the option to include in an initial public offering registration statement only two years of audited financial statements and selected financial data and only two years of related disclosure; •reduced executive compensation disclosure; and •an exemption from the auditor attestation requirements of Section 404 of the Sarbanes -OxleyAct of 2002 (“Sarbanes -OxleyAct”) in the assessment of our internal control over financial reporting. 11 The JOBS Act also permits an emerging growth company, such as us, to delay adopting new or revised accounting standards until such time as those standards are applicable to private companies. We have not elected to “opt out” of this provision, which means that when a standard is issued or revised and it has different application dates for public or private companies, we will have the discretion to adopt the new or revised standard at the time private companies adopt the new or revised standard and Our discretion will remain until such time that we either (i) irrevocably elect to “opt out” of such extended transition period or (ii) no longer qualify as an emerging growth company. We will remain an emerging growth company until the earliest of: •the last day of our fiscal year during which we have total annual revenue of at least $1.235 billion; •the last day of our fiscal year following the fifth anniversary of the closing of this offering; •the date on which we have, during the previous three -yearperiod, issued more than $1.0 billion in non -convertibledebt securities; or •the date on which we are deemed to be a “large accelerated filer” under the Exchange Act, which, among other things, would occur if the market value of our Class A Ordinary Shares that are held by non -affiliatesexceeds $700 million as of the last business day of our most recently completed second fiscal quarter. We have taken advantage of reduced reporting requirements in this prospectus. Accordingly, the information contained herein may be less than the information you receive from other public companies. In addition, upon closing of this offering