Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 219

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 219
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 are included in “Right -of-useAssets” on the balance sheet and represent the Company’s right to use the underlying assets during the lease term. The Company’s obligation to make lease payments are included in “Lease liabilities” on the balance sheet. During the year ended March 31, 2025, the Company also entered into a finance lease agreement to purchase a motor vehicle for a lease term of 55months, expiry through 2029. The components of lease expense were as follows:

|                                     |     | Years ended March 31, 
 2024                  
 HKD                   |           |     | 2025 
 HKD  |           |     | 2025 
 USD  |         |
|:------------------------------------|:----|:----------------------|----------:|:----|:-----|----------:|:----|:-----|--------:|
| Operating lease expense             |     | $                     | 1,065,618 |     | $    | 1,659,950 |     | $    | 213,364 |
| Finance lease expense:              |     |                       |           |     |      |           |     |      |         |
| Amortization of right-of-use assets |     | $                     |         — |     | $    |    60,216 |     | $    |   7,740 |
| Interest on lease liabilities       |     |                       |         — |     |      |    12,593 |     |      |   1,619 |
| Total finance lease expense         |     | $                     |         — |     | $    |    72,809 |     | $    |   9,359 |

F-20

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS NOTE 8 — LEASES (CONT.) Supplemental balance sheet information related to operating and finance leases was as follows:

| Leases                   
 Assets:                  |     | Classification on the balance sheet |     | As of March 31, 
 2024            
 HKD             |         |     | 2025 
 HKD  |           |     | 2025 
 USD  |         |
|:-------------------------|:----|:------------------------------------|:----|:----------------|--------:|:----|:-----|----------:|:----|:-----|--------:|
|