Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 150

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 150
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 directors to have independent audit, compensation, and nominating and corporate governance committees. Following the completion of this offering, we will be a “controlled company” as defined under the Nasdaq Capital Market corporate governance rules. We will establish three committees under the board of directors immediately upon the effectiveness of our registration statement on Form F -1, of which this prospectus is a part: an audit committee, a compensation committee, and a nominating and corporate governance committee. We expect to adopt a charter for each of the three committees. Each committee’s members and functions are described below. Audit Committee.Our audit committee will consist of Ms. Wai Chun Chik, Mr.Cheuk Kwan Ng, and Mr.Man Fai Kwan. All of them are financially literate and two of whom have accounting or related financial management expertise. Ms. Wai Chun Chik will be the chairwoman of our audit committee. We have determined that each of our audit committee members satisfies the “independence” requirements of Rule 5605(c)(2) of the Nasdaq Capital Market Company Guide and meets the independence standards under Rule 10A -3under the Exchange Act. We have determined that Ms. Wai Chun Chik qualifies as an “audit committee financial expert” within the meaning of the SEC rules and possesses financial sophistication within the meaning of the Nasdaq Capital Market Company Guide. The audit committee will oversee our accounting and financial reporting processes and the audits of the financial statements of our Company. The audit committee will be responsible for, among other things: •appointing the independent auditors and pre -approvingall auditing and non -auditingservices permitted to be performed by the independent auditors; •reviewing with the independent auditors any audit problems or difficulties and management’s response; •discussing the annual audited financial statements with management and the independent auditors; •reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures; •reviewing and approving all proposed related -partytransactions; •meeting separately and periodically with management and the independent auditors; and •monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance. Compensation Committee.Our compensation committee will consist of Ms. Wai Chun Chik, Mr.Cheuk Kwan Ng, and Mr.Man Fai Kwan. Mr.Man Fai Kwan will be the chairman of our compensation committee. We have determined