Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 259

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 259
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 not less than 24 months under a continuous contract is, due to redundancy, dismissed, laid off, or upon expiry of a fixed -termemployment contract. The ordinance also requires employers to assure the liability of long service payment if an employee who has been working for the employer for not less than 5 years under a continuous contract is dismissed, dies, resigns on ground of ill health or on or after 65 years old, or upon expiry of a fixed -termemployment contract. As of March 31, 2023 and 2024, the Company has estimated its long service payment to be HK$0 and HK$62,495 (US$8,012), respectively. The provision for long service payment as of March 31, 2023 and 2024 has been reflected in the combined balance sheets as “other long -termliabilities” under long -termliabilities. No severance payment is provided since the Company has no plan to dismiss any staff due to redundancy, and therefore considers the possibility of meeting the criteria of making severance payment is remote. Apart from the commitments and contingencies detailed above and elsewhere in these accompanying combined financial statements, as of March 31, 2024, the Company did not have any significant commitments or contingencies involved. NOTE 15 — SUBSEQUENT EVENTS In accordance with ASC Topic 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before the combined financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2024, up to the date that the audited combined financial statements were available to be issued. The Group Reorganization as detailed in Note 1 above, was completed in October 2024. F-47 ORDINARY SHARES Gifts International Holdings Limited ______________________________ PRELIMINARY PROSPECTUS [], 2025 ______________________________ WallachBeth Capital LLC Through and including [*] 2025 (the 25 th day after the date of this prospectus), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to a dealer’s obligation to deliver a prospectus when acting as an underwriter and with respect to an unsold allotment or subscription.

[RESALE PROSPECTUS ALTERNATE PAGE] Information contained herein is subject to completion or amendment. A registration statement relating to these securities has been filed with the Securities and Exchange