Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 230

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 230
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 view to our best interests and, in the case of criminal proceedings, the person had no reasonable cause to believe that his conduct was unlawful. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us under the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. Item 7. Recent Sales of Unregistered Securities. We have issued the following securities which were not registered under the Securities Act. We believe that each of the following issuances was exempt from registration under the Securities Act pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering or in reliance on Regulation S under the Securities Act regarding sales by an issuer in offshore transactions. On April16, 2024, 1 Ordinary Share was issued to Mr.Ngai Chiu Wong for consideration of US$1. On October9, 2024, 99,999 Ordinary Shares were issued to Mr.Ngai Chiu Wong for consideration of US$1. On October14, 2024, Mr.Wong sold, in aggregate, 19,550 Ordinary Shares to 6 investors. On February14, 2025, the Company resolved and approved a share subdivision at a ratio of 1 -for-110Ordinary Shares. Immediately following the aforesaid share subdivision, the Company then resolved and approved to cancel the then outstanding Ordinary Shares issued, and in consideration of such cancellation, issued (i) 500,000 Class A Ordinary Shares and 8,349,500 Class B Ordinary Shares to Mr.Ngai Chiu Wong, and (ii) in aggregate, 2,150,500 Class A Ordinary Shares to the other shareholders. On May9, 2025, (i) Mr.Ngai Chiu Wong surrendered 4,900,000 Class B Ordinary Shares to the Company, (ii) the Company repurchased 700,000 Class B Ordinary Shares from Mr.Ngai Chiu Wong and issued 700,000 Class A ordinary Shares to him as consideration. On May13, 2025, Mr.Ngai Chiu Wong and 4 other shareholders sold, in aggregate, 1,705,500 Class A Ordinary Shares to 6 investors. On May15, 2025, the Company resolved and approved a share subdivision at a ratio of 1 -for-3Class A