Company: GINT
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001213900-25-058872
Chunk: 203

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 203
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 Shares from Mr.Wong and issued 700,000 Class A Ordinary Shares to Mr.Wong for no consideration (“Repurchase”). Upon completion of the Repurchase, Mr.Wong owned 1,200,000 Class A Ordinary Shares and 2,749,500 Class B Ordinary Shares.

F-6 GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED AND
COMBINED FINANCIAL STATEMENTS NOTE 1 — BUSINESS OVERVIEW AND BASIS OF PRESENTATION (CONT.) On May15, 2025, the Company resolved and approved for a share subdivision by subdividing each issued and unissued share into 3shares, such that the Company was authorized to issue a maximum number of 165,000,000,000 Ordinary Shares at no par value, dividing into (i) 164,700,000,000 Class A Ordinary Shares at no par value and (ii) 300,000,000 Class B Ordinary Shares at no par value, as part of the Company’s recapitalization (the “Second Share Subdivision”). Unless indicated or the context otherwise requires, all share numbers and per share data in these unaudited condensed consolidated and combined financial statements have been retroactively presented to reflect the effect of the series of the above share exercises, as if such transactions occurred on the earliest day of the periods presented. Group Reorganization Since July 2024, the Company conducted several transactions for the purposes of a group reorganization (“Group Reorganization”) and was completed in October 2024. Prior to a group reorganization, BLOC was directly held as to 100% by Mr. John Wong (“Mr. Wong”). Upon completion of the reorganization, Mr. Wong ultimately owns 100 ordinary shares of the Company and BLOC becomes a 100% indirectly -ownedsubsidiary of the Company. During the periods presented in these unaudited condensed consolidated and combined financial statements, the control of these entities has been demonstrated by Mr. Wong, as a sole owner, as if the reorganization had taken place at the beginning of the earlier date presented. Accordingly, the combination has been treated as a corporate restructuring of entities under common control and thus the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and in accordance with ASC 805 -50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under common