Company: GINT
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001213900-25-058872
Chunk: 44

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 44
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 require significant attention from our senior management and could divert their attention away from the day -to -daymanagement of our business, which could adversely affect our business, financial condition and results of operations. We are a holding company and our ability to pay dividends is primarily dependent upon the earnings of, and distributions by, our Hong Kong operating subsidiary. The Class A Ordinary Shares offered in this prospectus are those of Gifts International. Gifts International is a holding company incorporated under the laws of the BVI with limited liability. The majority of our business operations are conducted through our subsidiary, Broaden Leisure, and hence, our revenue and profit are substantially contributed by our Hong Kong operating subsidiary. 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) by setting off the amount due from our shareholder, Mr.Ngai Chiu Wong, respectively. Subsequently, on October 23, 2024, the Company declared and paid the special dividend of HK$1,500,000 (US$193,068) by setting off the amount due from a shareholder, Mr.Ngai Chiu Wong. We may consider paying further dividends in the near future. See “ Dividend Policy”. Our ability to pay dividends to our shareholders is primarily dependent upon the earnings of our Hong Kong operating subsidiary and its distribution of funds to us, primarily in the form of dividends. The ability of our Hong Kong operating subsidiary to make distributions to us depends upon, among others, their distributable earnings. The amounts of distributions that any subsidiary of Gifts International declared and made in the past are not indicative of the dividends that we may pay in the future. There is no assurance that we will be able to declare or distribute any dividend in the future. A downturn in the Hong Kong or global economy, or a change in economic and political policies of the PRC, could materially and adversely affect our Hong Kong operating subsidiary’s business and financial condition. Our Hong Kong operating subsidiary’s business, prospects, financial condition and results of operations may be influenced to a significant degree by political, economic and social conditions in Hong Kong and China generally. The Chinese economy differs from the economies of most developed countries in many respects, including the amount of government involvement, level of development, growth rate, control of foreign exchange and allocation of resources. While the Chinese economy has experienced significant growth over the past decades,