Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 112

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 112
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645 |     |   3.6 |     |    600,000 |     |   2.6 |
| Personnel and benefit costs      |     |                    7,270,010 |     |  30.4 |     |  6,641,569 |     |  28.3 |
| General and administrative costs |     |                    3,166,027 |     |  13.2 |     |  3,202,756 |     |  13.7 |
| Total operating expenses         |     |                   23,960,790 |     | 100.0 |     | 23,428,987 |     | 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$4.9 million and HK$4.6 million (US$0.6 million) for the years ended March 31, 2023 and 2024 respectively. The decrease in shipping and handling costs was due to (i) drop in number of sales orders; and (ii) small batch transportation has been reduced with a shift towards centralized use of transportation vendors. 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 increase in sales and marketing costs was mainly attributable to the increase in advertising expenses of approximately HK$1.08million for the year ended March 31, 2024. 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. The technology and development costs decreased from HK$0.9 million for the year ended March 31, 2023 to HK$0.6 million (US$0.1 million) for the year ended March 31, 2024. Such slight decrease was mainly attributable to expenses in relation to the development of a new website for the year ended March 31,