Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 226

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 226
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 |            |   |     | HKD |               |   |     | USD |               |   |
| As cost:                       |     |       |            |   |     |     |               |   |     |     |               |   |
| Machine and equipment          |     | $     |    620,735 |   |     | $   |       637,135 |   |     | $   |        82,007 |   |
| Computer and office equipment  |     |       |    669,815 |   |     |     |       699,176 |   |     |     |        84,988 |   |
| Motor vehicles                 |     |       |    289,000 |   |     |     |       660,301 |   |     |     |        89,992 |   |
|                                |     |       |  1,579,550 |   |     |     |     1,996,612 |   |     |     |       256,987 |   |
| Less: accumulated depreciation |     |       | (1,412,875 | ) |     |     |    (1,495,288 | ) |     |     |      (192,461 | ) |
| Plant and equipment, net       |     | $     |    166,675 |   |     | $   |       501,324 |   |     | $   |        64,526 |   |

Depreciation expense for the six months ended September 30, 2023 and 2024 were HK$31,410 and HK$82,413 (US$10,607), respectively. Motor vehicles under finance leases were recorded net of accumulated depreciation of HK$0 and HK$324,888 (US$41,817), as of March 31, 2024 and September 30, 2024, respectively.

F-17

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED AND
COMBINED FINANCIAL STATEMENTS NOTE 6 — ACCRUED LIABILITIES AND OTHER PAYABLES

|                            |     | As of | March 31, 
      2024 |     |     | September 30, 
          2024 |     |     | September 30, 
          2024 |
|:----------------