Company: GINT
Filing Date: 2025-10-15
Form Type: F-1/A
Source: 0001213900-25-099087
Chunk: 125

Company: Gifts International Holdings Ltd
Filing Date: 2025-10-15
Form: F-1/A
Chunk 125
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 Disclosures (“ASU 2024 -09 ”), which prescribes standard categories for the components of the effective tax rate reconciliation and requires disclosure of additional information for reconciling items meeting certain quantitative thresholds, requires disclosure of disaggregated income taxes paid, and modifies certain other income tax -relateddisclosures. ASU 2024 -09is effective for annual periods beginning after December15, 2025 and allows for adoption on a prospective basis, with a retrospective option. The Company is currently evaluating the potential impact of the adoption of ASU 2024 -09on its consolidated and combined financial statements. In March 2025, the FASB issued ASU No. 2025 -02 , Codification Improvements -Amendments to Remove References to the Concepts Statements (“ASU 2025 -02 ”). The amendments in this Update affect a variety of Topics in the Codification. The amendments apply to all reporting entities within the scope of the affected accounting guidance. This update contains amendments to the Codification that remove references to various Concepts Statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior statements to provide guidance in certain topical areas. ASU 2025 -02is effective for public business entities for fiscal years beginning after December15, 2025. For all other entities, the amendments are effective for fiscal years beginning after December15, 2025. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company is currently evaluating the potential impact of the adoption of ASU 2025 -02on its consolidated and combined financial statements. Except for the above -mentionedpronouncements, there are no new recently issued accounting standards that will have a material impact on the consolidated and combined balance sheets, statements of operations and cash flows. 69 Quantitative and Qualitative Disclosures about Market Risk Liquidity risk We are exposed to liquidity risk, which is the risk that we will be unable to provide sufficient capital resources and liquidity to meet our commitments and business needs. Our approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to our Company’s reputation. When necessary, we will turn to other financial institutions to obtain short -termfunding to meet the liquidity shortage. Interest rate risk As of March31