Company: GINT
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001213900-25-058872
Chunk: 153

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 153
---
 months ended September30, 2024 and 2023, we paid aggregate compensation of HK$909,000 and HK$909,000, respectively, to our executive officers and directors. For the years ended March 31, 2025, 2024 and 2023, we paid aggregate compensation of HK$909,000, HK$1,818,000 and HK$1,418,000, respectively, to our executive officers and directors. We have not set aside any amount to provide pension, retirement or other similar benefits to our executive officers and directors. We have also not made any agreements with our directors or executive officers to provide benefits upon termination of employment. Corporate Governance Practices Foreign Private Issuer After the consummation of this offering, we will qualify as a “foreign private issuer” under the SEC rules and Nasdaq Capital Market Company Guide. As a foreign private issuer, we will be exempt from the rules under the Exchange Act related to the furnishing and content of proxy statements, and our officers, directors, and principal shareholders will be exempt from the reporting and short -swingprofit recovery provisions contained in Section 16 of the Exchange Act. Also, we are not required to comply with Regulation FD, which restricts the selective disclosure of 107 material information. However, we will file with the SEC, within 120 days after the end of each fiscal year, or such applicable time as required by the SEC, an annual report on Form 20 -Fcontaining financial statements audited by an independent registered public accounting firm, and we will submit to the SEC from time to time, on Form 6 -K, reports of information that would likely be material to an investment decision in our Shares. As a “foreign private issuer,” we are permitted to follow home country corporate governance practices, instead of certain corporate governance standards required by the Nasdaq Capital Market for U.S. companies. The exemptions are subject to our disclosure of which requirements we are not following and the equivalent British Virgin Islands requirements. Below are some of the exemptions afforded to foreign private issuers under the corporate governance requirements of the Nasdaq Capital Market: •Exemption from the requirement that we disclose within four business days of any determination to grant a waiver of the code of business conduct and ethics to directors and officers. •Exemption from the requirement that our board of directors be composed of independent directors. •Exemption from the requirement that our audit committee have a minimum of three members. •Exemption from the requirement that we hold annual shareholders’