Company: GINT
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001213900-25-058872
Chunk: 65

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 65
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3, item 2 of the Law No. 11/2009 on Combating Computer Crimes Law, amended by Law No. 4/2020, pursuant to which, if a crime stipulated in the Law is committed in the name of a company or in its interests, such as entering or interfering with a computer system without permission, obtaining or damaging data, manufacturing or providing criminal tools, computer forgery or computer fraud, etc., in addition to the company being subject to relevant criminal liability, the court has the authority to order the dissolution of the company if the conditions referred to in Paragraph 7 of Article 13 are met at the same time. Risks Related to Our Business No assurance that we will be able to identify and respond to latest market trends and customers’ preferences, and there is no guarantee of continuous customer satisfaction with our products which would affect our business and financial performance. Our business historically has focused on design and sale of floral gifts, fresh fruit baskets, corporate gift hampers, seasonal gifts, individual gifts and customized gifts. We serve both corporate and individual customers through online platform offering a broad product range of over 2,075 gifts in 40 categories. Constantly changing product trends and consumer preferences have affected and will continue to affect our business. To maintain our attractiveness, we continuously expand our product offerings to provide a wider array of meticulously customizable gifts for our customers. We must stay abreast of constantly changing market trends and customers’ preferences and anticipate product trends that will appeal to existing and new customers. Any failure to identify and respond to such changes in market trends or shifts in customers’ preferences could result in decreased number of customers and reduced customer satisfaction, and could cause our business and financial performance to be adversely affected. Our operating results rely on the performance of our sales during peak seasons. Sales of our products are seasonal, concentrated in the festive periods, including but not limited to the Chinese New Year, Mother’s Day, Easter, Mid -autumnfestival and Christmas. During festive periods, our customers, both individual and corporate clients, require our top quality and tailor -madecorporate gifts to suit their relationship management needs. If sales during these periods do not meet our expectations, we may not generate sufficient revenue and our financial performance will be adversely affected. 32 Failure to compete effectively may adversely affect our market share and profitability. The industry we operate in is intensely competitive with respect to, among other things, brand recognition, product portfolio, quality, services and prices. Our competitors include a variety of sole