Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 106

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 106
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 [ ]% ([ ] Class A Ordinary Shares), [ ]% ([ ] Class A Ordinary Shares) and [ ]% ([ ] Class A Ordinary Shares) by Mr.Ngai Chiu Wong, Bluecrest Global Limited, Equinox Strategic Limited, Vanguard Crest Limited, Summit Wave Limited, Nexus Growth Limited and ISIGN Consultancy Limited. As of the date of this prospectus, the Company has [*] Class A Ordinary Shares and [*] Class B Ordinary Shares issued and outstanding. Following completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, Mr.Ngai Chiu Wong, will own [*] Class A Ordinary Shares and [*] Class B Ordinary Shares, representing [*]% of the voting power of Gifts International. Because more than 50% of the voting power of the Company will be held by a single entity after the completion of this offering, we will be a controlled company under the Nasdaq Capital Market corporate governance rules. See “Risk Factors — Risks Related to Our Shares.” 56 MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included elsewhere in this prospectus. This discussion contains forward -looking statements reflecting our current expectations that involve risks and uncertainties. See “Special Note Regarding Forward -Looking Statements” for a discussion of the uncertainties, risks and assumptions associated with these statements. Actual results and the timing of events could differ materially from those discussed in our forward -looking statements as a result of many factors, including those set forth under “Risk Factors” and elsewhere in this prospectus. Overview We believe we are a leading provider in Hong Kong’s high -valuecorporate gifting industry. Operating under the “GiveGiftBoutique” brand, we offer one -stopB2B tailored gift solutions with custom proposals, as well as predesigned gifts through our eCommerce website. We diverse product line caters to both B2B and business -to-customer(B2C) markets, including branded gift hampers, VIP box sets, floral and fruit baskets, and seasonal gifts, serving various occasions in Hong Kong. For the years ended March 31, 2024 and 2023, total revenue was HK$81.6 million (US$10.5million) and HK$87.5 million, respectively. Our gross profit and net income were HK$31.0 million