Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 230

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 230
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 and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

| /s/ ARK Pro CPA & Co |
| ARK Pro CPA & Co     
 PCAOB ID: 3299       |

Hong Kong, China October21, 2024 We have served as the Company’s auditor since 2024.

F-25

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
COMBINED BALANCE SHEETS

| ASSETS                                                                                                                            
 Current assets:                                                                                                                   |     | As of March 31, 
 2023            
 HKD             |            |     | 2024 
 HKD  |            |     | 2024 
 USD  |           |
|:----------------------------------------------------------------------------------------------------------------------------------|:----|:----------------|-----------:|:----|:-----|-----------:|:----|:-----|----------:|
| Cash and cash equivalents                                                                                                         |     | $               |  5,814,767 |     | $    |  8,604,416 |     | $    | 1,103,130 |
| Accounts receivable, third parties, net                                                                                           |     |                 |    520,442 |     |      |  1,155,650 |     |      |   148,160 |
| Inventories, net                                                                                                                  |     |                 |  1,353,682 |     |      |  2,136,639 |     |      |   273,928 |
| Amount due from a related party                                                                                                   |     |                 |    353,165 |     |      |          — |     |      |         — |
| Amount due from a shareholder                                                                                                     |     |                 |    545,716 |     |      |    165,505 |     |      |    21,219 |
| Deposit, prepayments and other receivables                                                                                        |     |                 |    438,736 |     |      |    667,537 |     |      |    85,582 |
| Total current assets                                                                                                              |     |                 |  9,026,508 |     |      | 12,729,747 |     |      | 1,632,019 |
| Non-current assets:                                                                                                               |     |                 |            |