Company: GINT
Filing Date: 2025-08-15
Form Type: F-1/A
Source: 0001213900-25-077286
Chunk: 110

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-15
Form: F-1/A
Chunk 110
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 for lease liabilities; and (ii) net decrease in working capital of HK$4.4million mainly attributable to cash outflow arising from (i) accounts receivable of HK$7.3million; (ii) deposits, prepayment and other receivables of HK$2.1million; and (iii) lease liabilities of HK$1.5million, which were offset by cash inflow arising from (i accounts payable of HK$4.2million; (ii) accrued liabilities and other payables of HK$1.2million; and (iii) income tax payable of HK$1.1million. In FY2024, our net cash provided by operating activities was HK$5.3 million (US$0.7 million), which primarily reflected cash inflow from our net income of HK$6.3 million (US$0.8 million) adjusted for (i) net non -cashexpense of HK$1.1 million, which represents depreciation of plant and equipment, defined benefit costs, depreciation on right -of-useassets and finance cost for lease liabilities; and (ii) net decrease in working capital of HK$2.1 million mainly attributable to cash outflow arising from (i) lease liabilities of HK$1.1 million; (ii) inventories of HK$0.8 million; and (iii) accounts receivable of HK$0.6 million, which were offset by cash inflow arising from income tax payable of HK$0.6 million. Cash used in investing activities Net cash used in investing activities for FY2024 and FY2025 were HK$73,996 and HK$115,553 (US$14,852) respectively, which represent cash payment for purchase of plant and equipment. Cash used in financing activities For FY 2025, net cash used in financing activities was HK$9.8million (US$1.3million), mainly consisted of (i) payments on deferred offering costs of HK$5.7million; (ii) repayment to a shareholder of HK$2.4million; and (iii) repayment to bank borrowings of HK$1.5million. For FY2024, net cash used in financing activities was HK$2.4 million, mainly consisted of (i) repayment to a shareholder of HK$3.7 million; and (ii) repayment to bank borrowings of HK$1.5 million, which are offset by proceed from bank borrowings of HK$2.