Company: GINT
Filing Date: 2025-06-06
Form Type: F-1
Source: 0001213900-25-052213
Chunk: 30

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-06
Form: F-1
Chunk 30
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 exemptions from certain corporate governance requirements. •Our Controlling Shareholder has significant voting power and may take actions that may not be in the best interests of our other shareholders. •Nasdaq Capital Market may apply additional and more stringent criteria for our initial and continued listing because we plan to have a small public offering and our insiders will hold a large portion of our listed securities. •Securities analysts may not publish favorable research or reports about our business or may publish no information at all, which could cause our Class A Ordinary Share price or trading volume to decline. •Investors may have difficulty enforcing judgments against us, our directors and management. •The laws of the British Virgin Islands relating to the protection of the interest of minority shareholders are different from those in the United States. •Our status as a “foreign private issuer” under the SEC rules will exempt us from the U.S. proxy rules and the more detailed and frequent Exchange Act, reporting obligations applicable to a U.S. domestic public company. •Our status as a foreign private issuer under the Nasdaq Capital Market Company Guide will allow us to adopt certain home country practices in relation to corporate governance matters which may differ significantly from the Nasdaq Capital Market corporate governance listing standards applicable to a U.S. domestic Nasdaq Capital Market listed company. •We will incur increased costs as a result of being a public company. •Our status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need it. •We will incur increased costs as a result of being a public company, particularly after we cease to qualify as an “emerging growth company”. •We may allocate the net proceeds from this offering in ways that differ from the estimates discussed in the section titled “Use of Proceeds” and with which you may not agree. •There can be no assurance that we will not be a passive foreign investment company, or PFIC, for U.S. federal income tax purposes for any taxable year, which could result in adverse U.S. federal income tax consequences to U.S. holders of our Class A Ordinary Shares. 10 Implications of the HFCA Act Our auditor is required by the laws of the United States to undergo regular inspections by the PCAOB. If our securities become listed on a national exchange or quoted on the over -the -countermarket, trading in our securities may be prohibited under the HFCA Act, and our securities may be subject to delisting if the PCAOB cannot inspect or completely investigate our auditor for three