Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 216

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 216
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:---------------------|:----|:-------------------|:-----|:---------------------------------------|-----------:|:-----|:----|-----------:|:----|:----|----------:|
| Corporate clients    |     | At a point in time |      | $                                      | 27,059,817 |      | $   | 27,646,238 |     | $   | 3,558,395 |
| Individual customers |     | At a point in time |      |                                        | 14,048,791 |      |     | 14,052,462 |     |     | 1,808,717 |
|                      |     |                    |      | $                                      | 41,108,608 |      | $   | 41,698,700 |     | $   | 5,367,112 |

•Cost of Revenues Cost of revenues consists primarily of the cost of floral and non -floralmerchandise sold from inventory or through third parties, bouquet fulfillment costs, and the cost associated with wrapping and packaging. •Shipping and Handling Costs Shipping costs incurred to deliver the products from the workshop to the designated location of the customer orders totaled HK$2,271,545 and HK$2,667,057 (US$343,282) for the six months ended September 30, 2023 and 2024, respectively. •Sales and Marketing Costs Marketing and sales expense consists primarily of advertising expenses, online portal and e -catalogexpenses and customer service center expenses, as well as the operating expenses of the Company’s departments engaged in marketing, selling and merchandising activities. The Company expenses all advertising costs, at the time the advertisement is first shown. Advertising expense was HK$4,718,209 and HK$3,447,866 (US$443,781) for the six months ended September 30, 2023 and 2024, respectively. •Technology and Development Technology and development expense consists primarily of payroll and operating expenses of the Company’s information technology group, costs associated with its websites, including hosting, content development and maintenance and support costs related to the Company’s order entry, customer service, fulfilment and database systems. Costs associated with repair maintenance, or the development of website content are expensed as incurred.

F-11 GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED AND
COMBINED FINANCIAL STATEMENTS NOTE 2