Company: GINT
Filing Date: 2025-05-19
Form Type: DRS/A
Source: 0001213900-25-045183
Chunk: 188

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-19
Form: DRS/A
Chunk 188
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 and that a final judgment for the payment of money rendered by any general or state court in the U.S. based on civil liability, whether or not predicated solely upon the U.S. federal securities laws would not be enforceable in the BVI. We have also been advised by Ogier that a final and conclusive judgment obtained in U.S. federal or state courts under which a sum of money is payable as compensatory damages (i.e., not being a sum claimed by a revenue authority for taxes or other charges of a similar nature by a governmental authority, or in respect of a fine or penalty or multiple or punitive damages) may be the subject of an action on a debt in the court of the BVI under the common law doctrine of obligation. A BVI court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere. Substantially all of our assets are located outside the United States. In addition, a majority of our directors and officers are nationals or residents of jurisdictions other than the United States and all or a substantial portion of their assets are located outside the United States. As a result, it may be difficult for investors to effect service of process within the United States upon us or these persons.

| Name                |     | Position                                        |     | Nationality |     | Residence |
| Mr. Ngai Chiu Wong  |     | Chairman, Director, and Chief Executive Officer |     | Chinese     |     | Hong Kong |
| Mr. Sze Yeung Yau   |     | Chief Financial Officer                         |     | Chinese     |     | Hong Kong |
| [Ms. Wai Chun Chik] |     | Independent Director                            |     | Chinese     |     | Hong Kong |
| [Mr. Cheuk Kwan Ng] |     | Independent Director                            |     | Chinese     |     | Hong Kong |
| [Mr. Man Fai Kwan]  |     | Independent Director                            |     | Chinese     |     | Hong Kong |

Hong Kong Several of our directors and officers reside outside the United States in Hong Kong. We have been advised by David Fong & Co., our Hong Kong counsel, that there is uncertainty as to whether the courts of Hong Kong would (i) recognize or enforce judgments of United States courts obtained against us or our directors or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States or (ii) entertain original actions brought in Hong Kong against us or our directors or officers predicated upon the