Company: GINT
Filing Date: 2025-06-06
Form Type: F-1
Source: 0001213900-25-052213
Chunk: 231

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-06
Form: F-1
Chunk 231
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| Retained earnings                                                                                                                                |     |                 |  1,406,480 |     |      |  3,608,053 |     |      |   462,573 |
| Total shareholders’ equity                                                                                                                       |     |                 |  1,406,496 |     |      |  3,608,069 |     |      |   462,575 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                       |     | $               | 10,835,038 |     | $    | 13,329,402 |     | $    | 1,708,898 |

____________ *The share amounts are presented on a retroactive basis, giving effect to the completion of the Group Reorganization, the Share Subdivisions and Share Redesignation (see Note 1). See accompanying notes to the combined financial statements.

F-28

GIFTS INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES
COMBINED STATEMENTS OF OPERATIONS

| Revenues, net                               |     | Years ended March 31, 
 2023                  
 HKD                   |             |   |     | 2024 
 HKD  |             |   |     | 2024 
 USD  |            |   |
|:--------------------------------------------|:----|:----------------------|------------:|:--|:----|:-----|------------:|:--|:----|:-----|-----------:|:--|
| Revenue from third parties                  |     | $                     |  87,452,327 |   |     | $    |  81,553,365 |   |     | $    | 10,455,560 |   |
| Cost of revenues                            |     |                       |             |   |     |      |             |   |     |      |            |   |
| From third parties                          |     |                       | (60,315,701 | ) |     |      | (49,528,420 | ) |     |      | (6,349,798 | ) |
| From related party                          |     |                       |           — |   |     |      |  (1,070,858 | ) |     |      |   (137,289 | ) |
|                                             |     |                       | (60,315,701 | ) |     |      | (50,599,278 | ) |     |      | (6