Company: GINT
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001213900-25-065552
Chunk: 98

Company: Gifts International Holdings Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 98
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/or our share premium account, if shares have been issued at a premium, provided that in no circumstances may a dividend be paid if the dividend payment would result in the company being unable to pay its debts as they fall due in the ordinary course of business. As we are a holding company, we rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any dividends and other cash distributions to our shareholders, service any debt we may incur and pay our operating expenses. Our ability to pay dividends to our shareholders will depend on, among other things, the availability of dividends from our subsidiaries. Cash dividends, if any, on our Shares will be paid in U.S. dollars. As a business company incorporated under the laws of the British Virgin Islands, we are not subject to any income, withholding or capital gains taxes in the British Virgin Islands. Our shareholders will not be subject to any income, withholding or capital gains taxes in the British Virgin Islands with respect to their shares and dividends received on those shares, nor will they be subject to any estate or inheritance taxes in the British Virgin Islands. 50

CAPITALIZATION The following tables set forth our cash and cash equivalents and capitalization as of March 31, 2025: •on an actual basis; and •on an as adjusted basis to reflect the issuance and sale of [1,500,000] Class A Ordinary Shares at an assumed initial public offering price of $[4.00] per Class A Ordinary Share, after deducting the underwriting discounts and commissions and estimated offering expenses payable by us (assuming the over -allotmentoption is not exercised). You should read the tables together with our consolidated and combined financial statements and the related notes included elsewhere in this prospectus and the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

|                                                                                                                                                                                                                  |     | As of March 31, 2025 |     |             |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|---------------------:|:----|------------:|
| Actual                                                                                                                                                                                                           |     |          As Adjusted |     |             |
| (in US$)                                                                                                                                                                                                         |     |                      |     |             |
| Indebtedness:                                                                                                                                                                                                    |     |                      |     |             |
| Bank borrowings                                                                                                                                                                                                  |     |              743,087 |     |     743,087 |
| Equity:                                                                                                                                                                                                          |     |                      |     |             |
| Class A Ordinary Shares with no par value, 164