Company: GINT
Filing Date: 2025-10-15
Form Type: F-1/A
Source: 0001213900-25-099087
Chunk: 151

Company: Gifts International Holdings Ltd
Filing Date: 2025-10-15
Form: F-1/A
Chunk 151
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 for its approval, the compensation for our chief executive officer and other executive officers; •reviewing and recommending to the board for determination with respect to the compensation of our non -employeedirectors; •reviewing periodically and approving any incentive compensation or equity plans, programs, or similar arrangements; and •selecting compensation consultant, legal counsel, or other adviser only after taking into consideration all factors relevant to that person’s independence from management. Nominating and Corporate Governance Committee.Our nominating and corporate governance committee will consist of Ms. Wai Chun Chik, Mr.Cheuk Kwan Ng, and Mr.Man Fai Kwan. Mr.Cheuk Kwan Ng will be the chairman of our nominating and corporate governance committee. We have determined that each of our nominating and corporate governance committee members satisfies the “independence” requirements of Rule 5605(a)(2) of the 104 Nasdaq Capital Market Company Guide. The nominating and corporate governance committee will assist the board of directors in selecting individuals qualified to become our directors and in determining the composition of the board and its committees. The nominating and corporate governance committee will be responsible for, among other things: •selecting and recommending to the board nominees for election by the shareholders or appointment by the board; •reviewing annually with the board the current composition of the board in regard to characteristics such as independence, knowledge, skills, experience, and diversity; •making recommendations on the frequency and structure of board meetings and monitoring the functioning of the committees of the board; and •advising the board periodically in regard to significant developments in the law and practice of corporate governance, as well as our compliance with applicable laws and regulations, and making recommendations to the board on all matters of corporate governance and on any remedial action to be taken. Controlled Company Exception We may also be eligible to utilize the controlled company exemptions under the Nasdaq corporate governance rules. We will be a “controlled company” within the meaning of Nasdaq rules. As of the date of this prospectus, Mr. Ngai Chiu Wong owns 8,248,500 Class B Ordinary Shares, representing 94.26 % of the total voting power of our Company. Following completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, 8,248,500 C lass B Ordinary Shares, representing 93.46% of the total voting power of our Company, will be owned by Mr. Wong assuming that the underwriters do not exercise their