Company: GINT
Filing Date: 2025-08-04
Form Type: F-1/A
Source: 0001213900-25-070836
Chunk: 159

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-04
Form: F-1/A
Chunk 159
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   | 142,557 |
| Take Care HK Limited |     | Amount due from a related company |      | $               | 353,165 |      | $   |       — |      | $   |         — |     | $   |       — |
| iMHKB Group Ltd      |     | Purchase deposit                  |      | $               |       — |      | $   |       — |      | $   |    40,000 |     | $   |   5,141 |

109

The amount due from Mr.Wong represented the temporary advances made by our Company, which are non -tradein nature and for purpose of fund transfer. During the years presented, Mr.Wong settled some expenses on behalf of our Company, therefore, certain amounts of this balance was offset. The amount is unsecured, interest -freeand due on demand. For the years ended March31, 2023, 2024 and 2025, our Company provided funds to Mr.Wong in the net amount of HK$4,189,496, HK$4,135,738 and HK$2,443,578, respectively, which were partially settled by offsetting against the dividend distributed. As of the date of this prospectus, we collected HK$900,000, or approximately 81.1% of the amount due from Mr.Wong, amounting to HK$1,109,083 in total as of March31, 2025. Mr.Wong undertakes to settle the remaining balance prior to the effective date of this prospectus. As of the date of this prospectus, Mr.Wong settled the remaining balance in full. The amount due from Take Care represented temporary advances in non -tradenature, for the purpose of fund transfer. This amount is unsecured, interest -freeand repayable on demand. Our Company received the repayments from Take Care in the net amount of HK$353,165 for the year ended March31, 2023. For the year ended March31, 2024 and 2025, neither did our Company provide funds to Take Care nor receive funds from them. The amount due from Take Care was fully settled during the year ended March31, 2024. In the ordinary course of business, during the years ended March31, 2023, 2024 and 2025, our Company has involved with transactions, either at cost or current market prices and on the normal commercial terms among related parties.