Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 167

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 167
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 of this prospectus. (3)Based on [4,850,500] Class A Ordinary Shares and [7,649,500] Class B Ordinary Shares outstanding immediately after the offering.

115

Selling Shareholder This prospectus covers the offering of [1,080,000] Class A Ordinary Shares by the Selling Shareholder, Mr. Ngai Chiu Wong. The Class A Ordinary Shares owned by the Selling Shareholder are “restricted” securities under applicable United States federal and state securities laws and are being registered pursuant to this prospectus to enable the Selling Shareholder to sell those Class A Ordinary Shares on a firm commitment basis. The Selling Shareholder, Mr. Ngai Chiu Wong is our Chief Executive Officer and Chairman of the board of directors. The Selling Shareholder is not a broker -dealeror an affiliate of a broker -dealer. All information with respect to ownership of our Class A Ordinary Shares by the Selling Shareholder has been furnished by or on behalf of the Selling Shareholder. Based on information supplied by the Selling Shareholder, we believe that, except as may otherwise be indicated in the footnotes to the table below, the Selling Shareholder has sole voting and dispositive power with respect to the Class A Ordinary Shares reported as beneficially owned by the Selling Shareholder. Unless otherwise indicated in the footnotes, shares in the table refer to our Class A Ordinary Shares. Beneficial ownership of our Class A Ordinary Shares by the Selling Shareholder is determined in accordance with the rules and regulations of the SEC. These rules generally provide that a person is the beneficial owner of securities if such person has or shares the power to vote or direct the voting thereof, or to dispose or direct the disposition thereof or has the right to acquire such powers within 60 days. The following table sets forth the name of the Selling Shareholder, the number of Class A Ordinary Shares beneficially owned by the Selling Shareholder, the approximate percentage of outstanding Ordinary Shares prior to the offering, the number of Class A Ordinary Shares to be sold in the offering, the number of Class A Ordinary Shares the Selling Shareholder will own after the offering and the approximate percentage of outstanding Ordinary Shares after the offering. The information appearing in the table below is based on information provided by or on behalf of the named Selling Shareholder. We will not receive any proceeds from the sale of the Class A Ordinary Shares offered by the Selling Shareholder.

| Name of Selling Shareholder |     | Ordinary Shares          
 beneficially owned prior 
 to the offering          |     |