Company: GINT
Filing Date: 2025-08-04
Form Type: F-1/A
Source: 0001213900-25-070836
Chunk: 216

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-04
Form: F-1/A
Chunk 216
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 its business with creditworthy third parties. The Company determines, on a continuing basis, the probable losses and an allowance for expected credit losses, based on several factors including internal risk ratings, customer credit quality, payment history, historical bad debt/write -offexperience and forecasted economic and market conditions. Accounts receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and the exposure to bad debts is not significant. Up to the date of this report, the Company collected 99.1% of accounts receivable balance as of March 31, 2025.

F-18

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS NOTE 4 — INVENTORIES Inventories comprised of the followings:

|                                |     | As of March 31, 
 2024            
 HKD             |           |     | 2025 
 HKD  |           |     | 2025 
 USD  |         |
|:-------------------------------|:----|:----------------|----------:|:----|:-----|----------:|:----|:-----|--------:|
| Gourmet food                   |     | $               |   636,734 |     | $    |   775,353 |     | $    |  99,661 |
| Skincare and beauty            |     |                 |   522,391 |     |      |    27,898 |     |      |   3,586 |
| Decoration and accessories     |     |                 |   222,875 |     |      |   716,332 |     |      |  92,075 |
| Wines and beverages            |     |                 |   150,860 |     |      |   371,222 |     |      |  47,716 |
| Packaging materials and others |     |                 |   603,779 |     |      |   310,660 |     |      |  39,930 |
|                                |     | $               | 2,136,639 |     | $    | 2,201,465 |     | $    | 282,968 |

For the years ended March 31, 2024 and 2025, the Company did not record the allowance for inventory obsolescence. NOTE