Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 165

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 165
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 related party transaction would impair the independence of an outside director; •whether the related party transaction would present an improper conflict of interest for any director or executive officer of the Company, taking into account the size of the transaction, the overall financial position of the director, executive officer or the related party, the direct or indirect nature of the director’s, executive officer’s or the related party’s interest in the transaction and the ongoing nature of any proposed relationship, and any other factors the audit committee deems relevant; and •any pre -existingcontractual obligations. Nature of relationships with related parties are listed below:

| Names and Relationship of Related Party: |     | Existing Relationship with the Company                              |
| Mr. Wong                                 |     | Director and major shareholder of the Company                       |
| Take Care HK Limited (“Take Care”)       |     | Entity 100% owned by and controlled by common shareholder, Mr. Wong |
| Tutti Digital Limited                    |     | Entity 12.5% owned by common shareholder, Mr. Wong                  |
| iMHKB Group Ltd                          |     | Entity 100% owned by and controlled by common shareholder, Mr. Wong |

Summary of Related Party Transactions: The related party balances consisted of the following:

| Name                 
 2022                 |     | Nature                            | 2023 | As of March 31, 
 HKD             |           | 2024 | HKD |         | 2024 | HKD |         | 2024 | USD |        | 2024 | As of September 30, 
 HKD                 |           |     | USD |         |
|:---------------------|:----|:----------------------------------|:-----|:----------------|----------:|:-----|:----|--------:|:-----|:----|--------:|:-----|:----|-------:|:-----|:--------------------|----------:|:----|:----|--------:|
| Mr. Wong             |     | Amount due from a shareholder     |      | $               |   216,711 |      | $   | 545,716 |      | $   | 165,505 |      | $   | 21,219 |      | $                   | 1,436,064 |     | $   | 184,838 |
| Take Care HK Limited |     | Amount due from a related company |      | $               | 2,242,100 |      | $   | 353,165 |