Company: GINT
Filing Date: 2025-10-15
Form Type: F-1/A
Source: 0001213900-25-099087
Chunk: 225

Company: Gifts International Holdings Ltd
Filing Date: 2025-10-15
Form: F-1/A
Chunk 225
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 $                             | 4,100,000 |     | $    | 1,500,000 |     | $    | 192,805 |
| Tutti Digital Limited |     | Marketing and advertising fee |     | $                             |    62,250 |     | $    |    27,000 |     | $    |   3,470 |
| iMHKB Group Ltd       |     | Purchase of goods             |     | $                             | 1,070,858 |     | $    |   718,276 |     | $    |  92,325 |

Apart from the transactions and balances detailed above and elsewhere in these accompanying consolidated and combined financial statements, the Company has no other significant or material related party transactions during the years presented.

F-25 GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS NOTE 14 — CONCENTRATIONS OF RISKS The Company is exposed to the following concentrations of risks: (a)Major customers For the years ended March 31, 2024 and 2025, there is no single customer who accounted for 10% or more of the Company’s revenues. Most of the customers are located in Hong Kong. (b)Major vendors For the years ended March 31, 2024 and 2025, there is a single vendor who accounted for 17.4% and 21.4% of total purchase costs of the Company, respectively. This vendor is located in Hong Kong. (c)Credit risk Financial instruments that potentially subject the Company to credit risk consist of cash, cash equivalents and accounts receivable. Cash equivalents are maintained with high credit quality institutions in Hong Kong, the composition and maturities of which are regularly monitored by the management. The Hong Kong Deposit Protection Board pays compensation up to a limit of HK$800,000 (US$102,829), effective from October 1, 2024, if the bank in Hong Kong with which an individual/a company hold its eligible deposit fails. As of March 31, 2025, cash and cash equivalents of HK$2,250,003 (US$289,207) was maintained at financial institutions in Hong Kong and Macau, of which approximately HK$1,062,368 (US$136,201) was subject to credit risk. While management believes that these financial institutions are of high credit quality, it also continually