Company: GINT
Filing Date: 2025-08-04
Form Type: F-1/A
Source: 0001213900-25-070836
Chunk: 225

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-04
Form: F-1/A
Chunk 225
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5, long service payments are calculated based on two -thirdof the salary of last month (or average monthly salary over last twelve months) and the reckonable years of service subject to a maximum amount of HK$390,000 (US$50,129). For the eligible employees to be retired, resigned or dismissed on or after 1 May 2025, long service payments are divided into two portions (i.e. pre -transitionportion and post -transitionportion). The pre -transitionportion is calculated based on two -thirdof the salary for April 2025 (or average monthly salary for the twelve months ending April 30, 2025) and the reckonable years of service up to April 30, 2025. The post -transitionportion is calculated based on two -thirdof the salary of last month (or average monthly salary over last twelve months) and the reckonable years of service counting from May 1, 2025 to the last day of employment. The total of the two portions is subject to a maximum amount of HK$390,000 (US$50,129).

F-24

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS NOTE 12 — PENSION COSTS (CONT.) The accrued benefit held in a mandatory provident fund scheme in respect of the employer’s contribution up to the end of employment that would be used to offset the pre -transitionportion of long service payments is deemed the plan assets for the long -servicepayments. The provision of long service payments under defined benefit plans were HK$62,495 and HK$39,336 (US$5,056) for the years ended March 31, 2024 and 2025, respectively. NOTE 13 — RELATED PARTY BALANCES AND TRANSACTIONS Nature of relationships with related parties

| Name of related party |     | Relationship with the Company                 |
| Mr. Wong              |     | Director and major shareholder of the Company |
| Tutti Digital Limited |     | Entity controlled by common shareholder       |
| Take Care HK Limited  |     | Entity controlled by common shareholder       |
| iMHKB Group Ltd       |     | Entity controlled by common shareholder       |

Related party balances consisted of the following:

| Name            |     | Nature                        |     |    |     | As of March 31, 
 2024            
 HKD             |         |     | 2025