Company: GINT
Filing Date: 2025-05-19
Form Type: DRS/A
Source: 0001213900-25-045183
Chunk: 34

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-19
Form: DRS/A
Chunk 34
---
,507 |   |     |    346,124 |   |

The following table presents our summary combined statements of operations for the two years ended March 31, 2024 and 2023:

|                             |     | For the year ended 
           March 31 
               2024 |   |     |       2023 |   |
|:----------------------------|:----|-------------------:|:--|:----|-----------:|:--|
|                             |     |                US$ |   |     |        US$ |   |
| Revenues                    |     |         10,455,560 |   |     | 11,211,837 |   |
| Cost of revenues            |     |         (6,487,087 | ) |     | (7,732,782 | ) |
| Gross profit                |     |          3,968,473 |   |     |  3,479,055 |   |
| Total operating expenses    |     |         (3,003,716 | ) |     | (3,071,896 | ) |
| Other (expense) income, net |     |            (23,278 | ) |     |    103,684 |   |
| Income tax expense          |     |           (133,585 | ) |     |    (38,751 | ) |
| Net income                  |     |            807,894 |   |     |    472,092 |   |

16 RISK FACTORS Investing in our Class A Ordinary Shares is highly speculative and involves a significant degree of risk. You should carefully consider the following risks, as well as other information contained in this prospectus, before making an investment in our company. The risks discussed below could materially and adversely affect our business, prospects, financial condition, results of operations, cash flows, ability to pay dividends and the trading price of our Class A Ordinary Shares. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially and adversely affect our business, prospects, financial condition, results of operations, cash flows and ability to pay dividends, and you may lose all or part of your investment. Risks Related to Doing Business in Hong Kong Although the audit report included in this prospectus is prepared by U.S. auditors who are currently inspected by the PCAOB, there is no guarantee that future audit reports will be issued by auditors inspected by the PCAOB and, as such