Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 153

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 153
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 if a duty owed by our directors is breached. You should refer to “Description of Share Capital — Differences in Corporate Law” for additional information on our standard of corporate governance under British Virgin Islands law. As set out above, our directors have a duty not to put themselves in a position of conflict and this includes a duty not to engage in self -dealing, or to otherwise benefit as a result of their position, and a director must promptly disclose the interest to all other directors after becoming aware of the fact that he or she is interested in a transaction we have entered into or are to enter into. You should refer to “ Description of Share Capital — Differences in Corporate Law” for additional information on our standard of corporate governance under British Virgin Islands law. 105 Our board of directors has all the powers necessary for managing, and for directing and supervising, our business affairs. The functions and powers of our board of directors include, among others: •convening meetings of members (including annual general meeting) and reporting its work to shareholders at such meetings; •declaring dividends and distributions; •appointing officers and determining the term of office of the officers; •exercising the borrowing powers of our Company and mortgaging the property of our Company; and •approving the transfer of Shares in our Company, including the registration of such Shares in our Share register. Terms of Directors and Officers Our directors may be appointed by resolutions of directors or resolutions of members. Pursuant to our Amended Memorandum and Articles, each director holds office for the term, if any, fixed by the resolution of the members of or resolution of directors of the Company appointing him or her; or until their resignation, death, or removal. If no term is fixed on the appointment of a director, the director serves indefinitely until his or her earlier death, resignation or removal. Our officers are selected by and serve at the discretion of our board of directors. Employment Agreements with Executive Officers We have entered into employment agreements with each of our executive officers. The term of such appointment shall commence from the closing date of this offering and shall continue until the executive officer’s successor is duly elected or appointed and qualified or until the executive officer’s earlier death, disqualification, resignation or removal from office, pursuant to the terms of the employment agreements, the Company’s then current articles of association, or any applicable laws, rules, or regulations, which shall constitute the expiration date. In the event that the executive officer’s successor has not been duly elected or appointed as of the