Company: GINT
Filing Date: 2025-06-06
Form Type: F-1
Source: 0001213900-25-052213
Chunk: 232

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-06
Form: F-1
Chunk 232
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 ) |
| Balance as of March 31,           
 2024                              |     |      10,051,500 |     | $      | 16 |     |       8,248,500 |     | $      | — |     | $        |  3,608,053 |   |     | $             |  3,608,069 |   |
| Balance as of March 31,           
 2024 (USD)                        |     |      10,051,500 |     | $      |  2 |     |       8,248,500 |     | $      | — |     | $        |    462,573 |   |     | $             |    462,575 |   |

____________ *The share amounts are presented on a retroactive basis, giving effect to the completion of the Group Reorganization, Share Subdivisions and Share Redesignation (see Note 1). See accompanying notes to the combined financial statements.

F-30

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
COMBINED STATEMENTS OF CASH FLOWS

| Cash flows from operating activities:                                            |     | Years ended March 31, 
 2023                  
 HKD                   |            |   |     | 2024 
 HKD  |            |   |     | 2024 
 USD  |           |   |
|:---------------------------------------------------------------------------------|:----|:----------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:-----|----------:|:--|
| Net income                                                                       |     | $                     |  3,682,317 |   |     | $    |  6,301,573 |   |     | $    |   807,894 |   |
| Adjustments to reconcile net income to net cash provided by operating activities |     |                       |            |   |     |      |            |   |     |      |           |   |
| Depreciation of plant and equipment                                              |     |                       |     87,648 |   |     |      |     65,718 |   |     |      |     8,425 |   |
| Non-cash lease expense                                                           |     |                       |  1,049,514 |   |     |      |  1,065,618 |   |     |      |