Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 99

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 99
---
 and PRC before we will be able to use the funds to grow our business. We will not receive any proceeds from the sale of the Class A Ordinary Shares being offered by the Selling Shareholder. Instead, the Selling Shareholder will receive all of the net proceeds from the sale of the Class A Ordinary Shares offered by it in this firm commitment offering. The Selling Shareholder will pay underwriting discounts and expenses incurred by it to the underwriters. We will bear all other costs, fees and expenses incurred in effecting the registration of the Class A Ordinary Shares covered by this prospectus. We intend to use the net proceeds of this offering as follows: •approximately [25]% for [marketing and customer acquisition, including brand awareness campaigns, customer loyalty programs and international expansion]; •approximately [25]% for [development of technology and platform enhancement artificial intelligence, including marketing system to enhance marketing efficiency and platform scalability]; •approximately [20]% for [expansion of our product portfolio and inventory management/optimization]; and •approximately [20]% for [operational scaling and expansion, including fulfillment centers, talent acquisitions and sustainability initiatives]; and •remaining amount for [general administration and working capital]. We believe that the net proceeds allocation and our current cash resources are sufficient to fund our use of proceeds allocations. The precise amounts and percentage of proceeds we devote to particular categories of activity, and their priority of use, will depend on prevailing market and business conditions as well as on the nature of particular opportunities that may arise from time to time. Accordingly, we reserve the right to change the use of proceeds that we presently anticipate and describe herein. The foregoing is set forth based on the order of priority of each purpose and represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than as described in this prospectus. [To the extent the net proceeds we receive from this offering are not immediately used for the above purposes, we intend to invest our net proceeds in short -term, interest -bearingbank deposits or debt instruments.] 50 DIVIDEND POLICY For the years ended March31, 2023 and 2024, our Hong Kong operating subsidiary, Broaden Leisure declared and distributed a dividend of HK$4,200,000 and HK$4,100,000 (US$525,641