Company: GINT
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001213900-25-065552
Chunk: 107

Company: Gifts International Holdings Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 107
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 were approximately HK$9.7 million. Current ratio declined from approximately 1.3 times in FY2024 to 1.0 times in FY2025. 58

In view of the current cash and bank balances, funds generated by operating activities and the bank borrowings, we believe our Company has sufficient resources to meet the working capital needs in the next 12 months from the date the audited financial statements are issued. However, our ability to meet the liquidity and capital requirement will be subject to future economic conditions and other factors which are beyond our control. We currently intend to retain most, if not all, of our available funds and any future earnings to fund the operation, development, and growth of our business, and, as a result, we do not expect to pay any dividends in the foreseeable future (see “Dividend Policy”). We intend to use the net proceeds from this offering in the following manner: •approximately [25]% for [marketing and customer acquisition, including brand awareness campaigns, customer loyalty programs and international expansion]; •approximately [25]% for [development of technology and platform enhancement artificial intelligence, including marketing system to enhance marketing efficiency and platform scalability]; •approximately [20]% for [expansion of our product portfolio and inventory management/optimization]; •approximately [20]% for [operational scaling and expansion, including fulfillment centers, talent acquisitions and sustainability initiatives]; and •remaining amount for [general administration and working capital]. Significant bank borrowings The following table sets forth a summary of our bank borrowings as of March 31, 2024 and 2025, respectively:

| Bank borrowings,      
 secured:              
 Maturity date         |     | 2024              |     | Interest 
     rate 
   (p.a.) | 2025 |     | As of March 31, 
 HKD             |      2025 |     | HKD |           |     | USD |         |
|:----------------------|:----|:------------------|:----|---------:|:-----|:----|:----------------|----------:|:----|:----|----------:|:----|:----|--------:|
| Loan : HK$5.0 million |     | March 2, 2029     |     |     3.00 | %    |     | $               | 1,682,844 |     | $   | 1,368,968 |     | $   | 175,962 |
| Loan : HK