Company: GINT
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001213900-25-065552
Chunk: 125

Company: Gifts International Holdings Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 125
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 2025 -02 ”). The amendments in this Update affect a variety of Topics in the Codification. The amendments apply to all reporting entities within the scope of the affected accounting guidance. This update contains amendments to the Codification that remove references to various Concepts Statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior statements to provide guidance in certain topical areas. ASU 2025 -02is effective for public business entities for fiscal years beginning after December15, 2025. For all other entities, the amendments are effective for fiscal years beginning after December15, 2025. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company is currently evaluating the potential impact of the adoption of ASU 2025 -02on its consolidated and combined financial statements. Except for the above -mentionedpronouncements, there are no new recently issued accounting standards that will have a material impact on the consolidated and combined balance sheets, statements of operations and cash flows. Quantitative and Qualitative Disclosures about Market Risk Liquidity risk We are exposed to liquidity risk, which is the risk that we will be unable to provide sufficient capital resources and liquidity to meet our commitments and business needs. Our approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to our Company’s reputation. When necessary, we will turn to other financial institutions to obtain short -termfunding to meet the liquidity shortage. 69 Interest rate risk As of March31, 2024 and 2025, we had outstanding bank borrowings of approximately HK$5.8million (US$0.7million) and HK$7.3million (US$0.9million), respectively, which will be payable within one to five years. The bank borrowings bore an annual effective interest rate ranging from 2.75% to 3.50% per annum. We are exposed to cash flow interest rate risk through the changes in interest rates related mainly to our variable -ratesline of credit, short -termbank loans and bank balances. We currently do not have any interest rate hedging policy in relation to fair value interest rate risk and cash flow interest rate risk. Our directors monitor our exposures on an ongoing basis and will consider hedging the