Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 16

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 16
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 estate companies, Hong Kong listed companies, multi -nationalcorporations, marketing companies, media agencies and other local businesses. Our Competitive Strengths We believe we have the following competitive strengths: •Experienced management team; •Extensive product portfolio; •Robust customer base; •Timely fulfillment capabilities; •Strategic partnerships with our suppliers; and •Innovation capabilities For more details, see “ Business — Our Competitive Strengths”. Our Strategies and Future Plans Our business strategies and future plans for our expansion are as follows: •Expand our operation to overseas market; •Launch a new website for VIPs; •Enhance marketing efficiency; •Provide more ESG -friendlyoptions; and •Pursue collaborations with famous brands For more details, see “ Business — Our Strategies and Future Plans”. 1 Corporate History and Structure The Company adopted a dual -classshare structure. Each Class B Ordinary Share has 20 votes per share and is convertible into one Class A Ordinary Share, whereas each Class A Ordinary Share has one vote per share and is not convertible into Class B Ordinary Shares. The following diagram illustrates our corporate structure and identifies our subsidiaries: Gifts International is owned as to 45.07% by Mr.Ngai Chiu Wong as of the date of this prospectus. Following completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, Mr.Ngai Chiu Wong, will own [8,248,500] Class B Ordinary Shares, representing [93.46]% of the voting power of Gifts International after this offering assuming that the underwriters do not exercise their over -allotmentoption. Because more than 50% of the voting power of the Company will be held by a single entity after the completion of this offering, we will be a controlled company under the Nasdaq Capital Market corporate governance rules. For more details, see “ Corporate History and Structure”. Implication of Being a Controlled Company We will be a “controlled company” within the meaning of Nasdaq Stock Market Rules. As at the date of this prospectus, our Controlling Shareholder, Mr. Ngai Chiu Wong, owns [8,248,500] Class B Ordinary Shares, representing [94.26]% of the voting power of the Company. Following completion of this offering, giving effect to the sale of the Class A Ordinary Shares being offered hereby, Mr.Wong will own [8,248,500] Class B Ordinary Shares, representing [93.46]% of the total voting power