Company: GINT
Filing Date: 2025-03-12
Form Type: DRS/A
Source: 0001213900-25-022887
Chunk: 70

Company: Gifts International Holdings Ltd
Filing Date: 2025-03-12
Form: DRS/A
Chunk 70
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 have not entered into any framework agreement with majority of our suppliers, there can be no assurance that we can secure the availability of products or the continuation of particular pricing practices or payment terms in the future. If our business relationships with suppliers are interrupted, we may lose our competitive advantage of procuring flowers, fruits and gourmet with premium quality and favorable prices, which in turn may materially and adversely affect our financial conditions and results of operations. A failure to establish and maintain strategic partnerships with our suppliers may affect our business and financial performance. Through established and strategic partnerships with our suppliers, we have secured the supply of a selective range of products. Our purchases from these suppliers encompass a wide range of high -qualitygift items, including premium mooncakes. If we fail to establish and maintain strategic partnerships with these suppliers, we may lose access to the latest high -qualitygift items, disallowing us to consistently deliver unique gifting services to our customers. which will adversely affect our business and financial performance. No assurance that we will be able to source a reliable supply of perishable gift items, to fulfill customers’ orders. Our gifts and hampers often include perishable items such as fresh -cutflowers and seasonal fruits. To ensure the utmost freshness and timely supply, our workshop is strategically located in close proximity to one of the largest fresh flower and fruit markets in Hong Kong. Also, we make diligent efforts to eliminate any old stock in order to uphold the highest standards of quality of our products. However, cultivation of fresh flowers and fruits is vulnerable to extreme weather conditions such as windstorms, hailstorms, drought, temperature extremes and typhoons, as well as natural disasters such as earthquakes, fires and floods. Unfavorable conditions can reduce both quantity and quality of fresh 33 flowers and fruits. In extreme cases, entire harvests may be lost in some geographic areas. These factors may create substantial volatility in the availability of certain fresh flowers and fruits in a certain period. As such, the occurrence of any of these events may create significant volatility for our flower and fruit supply from the market, and thus, our business and financial performances may be adversely affected. The prices of fresh-cut flowers and seasonal fruits may fluctuate subject to various factors. Fresh -cutflowers and seasonal fruits are highly perishable and most of them must be brought to market and sold very shortly after harvest. The selling price for a certain type of flowers and fruits may fluctuate significantly subject to various factors such as supply of and demand for such flowers and fruits and their quality. Weather condition