Company: GINT
Filing Date: 2025-08-15
Form Type: F-1/A
Source: 0001213900-25-077286
Chunk: 105

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-15
Form: F-1/A
Chunk 105
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     |             3,202,756 |     |  13.7 |     |  5,694,383 |     |  23.4 |
| Total operating expenses         |     |            23,428,987 |     | 100.0 |     | 24,382,231 |     | 100.0 |

Shipping and handling costs Shipping and handling costs mainly consist of shipping costs incurred to deliver the products from the workshop to the designated location of the customer orders. The shipping and handling costs were HK$4.6million and HK$4.4million (US$0.6 million) for FY2024 and FY2025, respectively. The decrease in shipping and handling costs in FY2025 was mainly attributable to reduction of small -batchtransportation, driven by a shift towards centralized use of transportation vendors, as compared to FY2024. Sales and marketing costs Sales and marketing costs consist primarily of (i) advertising expenses; (ii) online portal and e -catalogexpenses; (iii) customer service center expenses; and (iv) operating expenses of our departments engaged in marketing, selling and merchandising activities. The decrease in sales and marketing costs of approximately HK$1.7million was mainly attributable to reduced spending on digital media advertising platforms driven by the reorientation toward more cost -effectivemarketing initiatives, such as newsletters and targeted outreach strategies, as compared to FY2024.

57 Technology and development costs Technology and development costs consist primarily of (i) outsourced support and operating expenses of our information technology group; (ii) costs associated with our websites, including hosting, content development and maintenance and support costs related to order entry, customer service, fulfillment and database systems; and (iii) costs associated with repair maintenance, or the development of website content are expensed as incurred. For FY2024 and FY2025, the technology and development costs remained relatively stable at approximately HK$600,000 and HK$720,000 (US$92,546), respectively. Personnel and benefit costs Personnel and benefit costs consist primarily of salaries and benefits for our operating staff. The personnel and benefit costs were HK$6.6million and HK$6.9million (US$0.9million) for FY2024 and FY2025 respectively. Our headcount remained relatively stable, while the increase in personnel and benefit costs was primarily driven by annual salary adjustments for the existing workforce. General and administrative costs General and administrative costs consist primarily of (i