Company: GINT
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001213900-25-044839
Chunk: 123

Company: Gifts International Holdings Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 123
---
 |     |     |  3,484,725 |
|                      |     |                    |      | $                             | 87,452,327 |      | $   | 81,355,365 |     | $   | 10,455,560 |

Cost of Revenues Cost of revenues consists primarily of the cost of floral and non -floralmerchandise sold from inventory or through third parties, bouquet fulfillment costs, and the cost associated with wrapping and packaging. Shipping and Handling Costs Shipping costs incurred to deliver the products from the workshop to the designated location of the customer orders totaled HK$2,271,545 and HK$2,667,057 (US$343,282) for the six months ended September30, 2023 and 2024, respectively. Shipping costs incurred to deliver the products from the workshop to the designated location of the customer orders totaled HK$4,947,588 and HK$4,550,399 (US$583,384) for the years ended March 31, 2023 and 2024, respectively.

70 Sales and Marketing Costs Marketing and sales expense consists primarily of advertising expenses, online portal and e -catalogexpenses and customer service center expenses, as well as the operating expenses of the Company’s departments engaged in marketing, selling and merchandising activities. The Company expenses all advertising costs, at the time the advertisement is first shown. Advertising expense was HK$4,718,209 and HK$3,447,866 (US$443,781) for the six months ended September30, 2023 and 2024, respectively. The Company expenses all advertising costs, at the time the advertisement is first shown. Advertising expense was HK$7,710,520 and HK$8,434,263 (US$1,081,316) for the years ended March 31, 2023 and 2024, respectively. Technology and Development Technology and development expense consists primarily of payroll and operating expenses of the Company’s information technology group, costs associated with its websites, including hosting, content development and maintenance and support costs related to the Company’s order entry, customer service, fulfillment and database systems. Costs associated with repair maintenance, or the development of website content are expensed as incurred. Government Assistance Government assistance is not recognized until there is reasonable assurance that: (a) the enterprise will comply with the conditions attached to the grant; and (b) the grant will be received. When the Company receives government assistance but the conditions attached