Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 162

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 162
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 number of factors when selecting the candidates to our board of directors, including but not limited to gender, skills, age, professional experience, knowledge, cultural, education background, ethnicity and length of service. The ultimate decision of the appointment will be based on merit and the contribution which the selected candidates will bring to our board. Our directors have a balanced mix of knowledge and skills. We have three independent directors with different industry backgrounds, representing a majority of the members of our board. We also achieved gender diversity by having [*] female directors out of the total of [four] directors (including independent directors). Our board is well balanced and diversified in alignment with the business development and strategy of the Company. 112 Outstanding Equity Awards at Fiscal Year-End As of September30, 2024, March 31, 2024 and 2023, we had no outstanding equity awards. 2025 Share Incentive Plan We will adopt the Gifts International Holdings Limited 2025 Share Incentive Plan, or the 2025 Incentive Plan, upon the effectiveness of our registration statement on Form F -1, of which this prospectus is a part, to attract and retain best available personnel, provide additional incentives to employees, directors and consultants, and promote the success of our business. Under the 2025 Incentive Plan, the maximum aggregate number of Class A Ordinary Shares which may be issued pursuant to all awards (including incentive share options) will be [*] Class A Ordinary Shares (assuming the Underwriters do not exercise their over -allotmentoption), representing 15% of the number of fully -dilutedClass A Ordinary Shares outstanding as of the date of our Company’s initial public offering. 113

PRINCIPAL AND SELLING SHAREHOLDERS The following table sets forth information with respect to the beneficial ownership of our Shares as of the date of this prospectus, by: •each person or entity known by us to own beneficially more than 5% of our outstanding Shares; •each of our directors, executive officers, and director nominees; and •all of our executive officers, directors, and director nominees as a group. Beneficial ownership of our Shares is determined in accordance with the SEC rules. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or to direct the voting of the security, or investment power, which includes the power to dispose of or to direct the disposition of