Company: GINT
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001213900-25-058872
Chunk: 21

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 21
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 discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations. It is also uncertain what the potential impact such modified or new laws and regulations will 4 have on our daily business operation in Hong Kong. According to the legal opinion issued by David Fong & Co., our Hong Kong counsel, based on their understanding of current Hong Kong laws, as of the date of this prospectus, we, including Broaden Leisure, have received and obtained all requisite licenses, certificates, authorizations, permissions or approvals from the Hong Kong authorities to operate our business, namely the business license and the registration as a registered food importer and a registered food distributor with the Food and Environmental Hygiene Department, and no such permissions or approvals have been denied as of the date of this prospectus, and that we, including Broaden Leisure are not required to obtain any permission or approval from Hong Kong authorities to offer the Class A Ordinary Shares of Gifts International to foreign investors. However, according to the legal opinion issued by David Fong & Co., uncertainties still exist due to the possibility that laws, regulations, or policies in Hong Kong could change rapidly in the future. Should there be any change in applicable laws, regulations, or interpretations, and we or any of our subsidiaries are required to obtain such permissions or approvals in the future, we will strive to comply with the then applicable laws, regulations, or interpretations. In the event that we, including Broaden Leisure, (i) do not receive or fail to maintain such permissions or approvals in the future, (ii) inadvertently conclude that relevant licenses, certificates, authorizations, permissions or approvals were not required, or (iii) are required to obtain such licenses, certificates, authorizations, permissions or approvals in the future following applicable laws, regulations, or interpretation changes, any action taken by the Hong Kong government could significantly limit or completely hinder our operations and our ability to offer or continue to offer securities to investors and could cause the value of our securities to significantly decline or be worthless. According to the legal opinion issued by Beijing Dacheng Law Offices, LLP (Shenzhen), our PRC counsel, as of the date of this prospectus, based on PRC laws and regulations effective as of the date of this prospectus, the registered public offering of the Company and its subsidiaries in the United States are not subject to filing procedure of the CSRC, because the Company and its subsidiaries do not meet any of the condition stipulated by the