Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 220

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 220
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INGS LIMITED AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED AND
COMBINED FINANCIAL STATEMENTS NOTE 6 — ACCRUED LIABILITIES AND OTHER PAYABLES

|                            |     | As of | March 31, 
      2024 |     |     | September 30, 
          2024 |     |     | September 30, 
          2024 |
|:---------------------------|:----|:------|----------:|:----|:----|--------------:|:----|:----|--------------:|
|                            |     | HKD   |           |     | HKD |               |     | USD |               |
| Accrued offering costs     |     | $     |         — |     | $   |     1,892,124 |     | $   |       243,539 |
| Accrued operating expenses |     |       |   319,699 |     |     |       800,420 |     |     |       103,023 |
| Accrued professional fees  |     |       |   119,000 |     |     |        71,500 |     |     |         9,203 |
|                            |     | $     |   438,699 |     | $   |     2,764,044 |     | $   |       355,765 |

NOTE 7 — BANK BORROWINGS Bank borrowings comprised of the followings:

| Bank borrowings, secured: 
 March 31,                 
 2024                      |     | Maturity date     | September 30, 
 2024          | Interest 
 rate     
 (p.a.)   |     | As of         
 September 30, 
 2024          |           |     |     |           |     |     |         |
|:--------------------------|:----|:------------------|:--------------|:---------|:----|:--------------|----------:|:----|:----|----------:|:----|:----|--------:|
|                           |     |                   |               |          |     | HKD           |           |     | HKD |           |     | USD |         |
| Loan : HK$5.0 million     |     | March 2, 2029     |               | 3.50%    |     | $             | 1,