Company: GINT
Filing Date: 2025-10-15
Form Type: F-1/A
Source: 0001213900-25-099087
Chunk: 16

Company: Gifts International Holdings Ltd
Filing Date: 2025-10-15
Form: F-1/A
Chunk 16
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 vote per share and is not convertible into Class B Ordinary Shares. The following diagram illustrates our corporate structure and identifies our subsidiaries: ____________ (1)As of the date of this prospectus, there are 12 (twelve) shareholders of record that hold less than 5% of our outstanding shares. (2)Gifts International Holdings Limited is a holding company with no operations of its own. The Class A Ordinary Shares offered in this prospectus are those of Gifts International Holdings Limited. (3)Gifts International Holdings Limited conducts all its operations through its wholly -ownedoperating subsidiary, Broaden Leisure Outlets Company Limited, which is incorporated under the laws of Hong Kong. Gifts International is owned as to 45.07% by Mr.Ngai Chiu Wong as of the date of this prospectus. Following completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, Mr.Ngai Chiu Wong, will own 8,248,500 Class B Ordinary Shares, representing 93.46% of the voting power of Gifts International after this offering assuming that the underwriters do not exercise their over -allotmentoption. Because more than 50% of the voting power of the Company will be held by a single entity after the completion of this offering, we will be a controlled company under the Nasdaq Capital Market corporate governance rules. For more details, see “ Corporate History and Structure”. 2 Implication of Being a Controlled Company We will be a “controlled company” within the meaning of Nasdaq Stock Market Rules. As of the date of this prospectus, our Controlling Shareholder, Mr. Ngai Chiu Wong, owns 8,248,500 Class B Ordinary Shares, representing 94.26% of the voting power of the Company. Following completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, Mr.Wong will own 8,248,500 Class B Ordinary Shares, representing 93.46% of the total voting power of our Company, assuming that the underwriters do not exercise their over -allotmentoption. For so long as we are a controlled company, we are permitted to elect not to comply with certain stock exchange rules regarding corporate governance, including the following requirements: •that a majority of its board of directors consist of independent directors; •that its director nominees be selected or recommended for the board’s selection by a majority of the board’s independent directors in a vote in