Company: BGHL
Filing Date: 2025-07-31
Form Type: DRS/A
Source: 0001213900-25-069626
Chunk: 81

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-07-31
Form: DRS/A
Chunk 81
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 (post-offering) |     |     |
|                       |     |          Number |     |   % |     | Number          |     |   % |
| Existing shareholders |     |               9 |     | 100 |     | [*]             |     | [*] |
| IPO shareholders      |     |               0 |     |   0 |     | [*]             |     | [*] |
| Total                 |     |               9 |     | 100 |     | [*]             |     | 100 |

45

MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included elsewhere in this prospectus. This discussion and analysis and other parts of this prospectus contain forward -looking statements based upon current beliefs, plans and expectations that involve risks, uncertainties and assumptions. Our actual results and the timing of selected events could differ materially from those anticipated in these forward -looking statements as a result of several factors, including those set forth under “Risk Factors” and elsewhere in this prospectus. You should carefully read the “Risk Factors” section of this prospectus to gain an understanding of the important factors that could cause actual results to differ materially from our forward -looking statements. For the Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023 Overview Amounts in USD or US$ are presented and are converted from our consolidated balance sheets as of December 31, 2024, and our consolidated statements of operations and comprehensive income and consolidated statements of cash flows for the year ended December 31, 2024 at the rate of US$1.00 to HK$7.80. No representation is made that the HK$ amounts could have been, or could be converted, realized or settled into US$ at such rate or at any other rate. CONSOLIDATED BALANCE SHEETS

|                                                                                                                                                 |     |        As at 
 December 31, 
         2024 |   |     |        As at 
 December 31, 
         2024 |   |     |        As at 
 December 31, 
         2023 |   |     |   Variance |   |     |               |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------|:----|-------------:|:--|:----|-------------:|:--|: