Company: GINT
Filing Date: 2025-08-04
Form Type: F-1/A
Source: 0001213900-25-070836
Chunk: 109

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-04
Form: F-1/A
Chunk 109
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 interest rate of 2.76% per annum.

59

The above facilities were (i) unlimited personal guaranteed by Mr. Wong; and (ii) guaranteed by HKMC Insurance Limited under the Hong Kong SME Financing Guarantee Scheme, launched by The Hong Kong Mortgage Corporation Limited. As of March 31, 2025, we have fully complied with certain financial covenants pursuant to the facility letter issued by the Hongkong and Shanghai Banking Corporation Limited. The annual interest rates for bank borrowings for FY2024 and FY2025 were approximately from 2.76% to 3.63%. Cash Flow The following table sets forth a summary of our cash flows for the years ended March 31, 2024 and 2025, respectively:

|                                                      |     | Years ended March 31, |   |     |            |   |     |            |   |
|                                                      |     |                  2024 |   |     |       2025 |   |     |       2025 |   |
|                                                      |     |                   HKD |   |     |        HKD |   |     |        USD |   |
| Net cash provided by operating activities            |     |             5,280,775 |   |     |  3,511,900 |   |     |    451,405 |   |
| Net cash used in investing activities                |     |               (73,996 | ) |     |   (115,553 | ) |     |    (14,852 | ) |
| Net cash used in financing activities                |     |            (2,417,130 | ) |     | (9,750,760 | ) |     | (1,253,326 | ) |
| Net increase (decrease) in cash and cash equivalents |     |             2,789,649 |   |     | (6,354,413 | ) |     |   (816,773 | ) |

Cash provided by operating activities In FY2025, our net cash provided by operating activities was HK$3.5million (US$0.5million), which primarily reflected cash inflow from our net income of HK$5.9million (US$0.8million) adjusted for (i) net non -cashexpense of HK$2.0million, which represents allowance for expected credit losses, depreciation of plant and equipment, defined benefit costs, depreciation on right -of-useassets and finance cost for lease