Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 103

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 103
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 -classshare structure. Each Class B Ordinary Share has 20 votes per share and is convertible into one Class A Ordinary Share, whereas each Class A Ordinary Share has one vote per share and is not convertible into Class B Ordinary Shares. The diagram below illustrates our corporate structure and identifies our subsidiaries (assuming no exercise of the over -allotmentoption). The percentages shown in the following diagram indicate the approximate percentage of number of Ordinary Shares beneficially owned by each entity to the total number of issued and outstanding Ordinary Shares. ____________ (1)As of the date of this prospectus, there are 6 (six) minority Shareholders, holding an aggregate of [*] Class A Ordinary Shares, representing less than 5% of the total issued share capital of the Company and [*]% voting power over the Company. (2)Gifts International Holdings Limited is a holding company with no operations of its own. The Shares offered in this prospectus are those of Gifts International Holdings Limited. (3)Gifts International Holdings Limited conducts all its operations through its wholly -ownedoperating subsidiary, Broaden Leisure Outlets Company Limited, which is incorporated under the laws of Hong Kong. The above chart assumes an offering of [] Class A Ordinary Shares. 54

Group Reorganization Prior to the incorporation of the Company, the principal operations are carried out through Broaden Leisure which were wholly owned by Mr. Ngai Chiu Wong. We have conducted a reorganization, primarily to facilitate our initial public offering in the United States. Currently, GGBB, the BVI holding company; and Broaden Leisure, the Hong Kong operating subsidiary are 100% owned by Gifts International. As at the date of this prospectus, the ownership of our subsidiaries and entities are as follows:

| Name            
 GGBB            
 Broaden Leisure |     | Background                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 Incorporated on May 21, 2024 under the laws of the BVI as an investment holding company and owned by Gifts International.                                                                                                                                                                                                                                                                                                                                   
 Incorporated on June 2, 2008 as a private company limited by shares under the laws of Hong Kong. Prior to the reorganization, Broaden Leisure was wholly owned by Mr. Ngai Chiu Wong. As part of the reorganization, on July 31, 2024, Mr. Ngai Chiu Wong, as vendor, entered into a sale and purchase agreement with GGBB, as purchaser, and Gifts International, as allotee, pursuant to which GGBB acquired the entire