Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 73

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 73
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 to unforeseen events, which could cause interruption to the sales or delivery our gift products. The transportation costs of third -partylogistics service providers are subject to factors beyond our control, such as fluctuation in the gasoline price, increases in road tolls and bridge tolls, and changes in transportation regulations. Any increase in the service costs of our logistics service providers may lead to an increase to our logistic expenses, which may in turn negatively affect our results of operations. In addition, as we do not have absolute control over these logistics service providers, we cannot guarantee their quality of services. If there is any delay in delivery, mishandling of products, misallocation of products, damage to products or any other issue, our sales and brand image may be demolished. Due to the nature of our products, we require our logistics service providers to comply with a comprehensive set of technical protocols with respect to hygiene and physical conditions for gift products in transit. However, we may not be able to effectively and timely identify any non -complianceby these logistics service providers. As such, if there is any material non -complianceof our technical protocols which cause damage to our gift products, our business, financial condition and results of operations may be materially and adversely affected. We are dependent on our management team. Our success is, to a large extent, attributable to our executive directors’ strategies and visions as well as their involvement in key aspects of our business, including but not limited to the acquisition and maintenance of new and existing customer relationships, pricing of our products and purchases, and overall management of our operations. The business of our Company was founded by Mr. Wong, chairman of the board of directors and chief executive officer. Further, majority of our team of executive officers have worked for more than 10 years in our Company. They possess extensive industry contacts and knowledge, and are familiar with our business operations and have established good relationships with our customers. Our Company’s success and growth therefore depends on our ability to identify, hire, train and retain suitable, skilled and qualified key personnel. The loss of service of our directors, executive officers or other key personnel without suitable and timely replacements or the inability to attract and retain qualified management personnel, will materially and adversely affect our operations and financial performance. 36 We have leased properties, and we may not be able to renew current leases or relocate for relevant leased properties. Currently, we leased properties for offices and workshop in relation to our business operations in Hong Kong. Our lease agreements generally have a term of two years and may