Company: BGHL
Filing Date: 2025-09-12
Form Type: F-1/A
Source: 0001213900-25-087202
Chunk: 195

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-12
Form: F-1/A
Chunk 195
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 |     |            — |     |            — |     |    1,315,046 |
| Management fee to Kingtop Asia Investment Limited (Note **)   |     |      203,077 |     |    1,584,000 |     |      552,926 |

____________ Note: **The former related companies provided office space, human resources management, supplies of electricity and water, equipment usage and other office supplies under the management fee contracts. Balances with related parties

|                                           |     |        As at 
 December 31, 
         2024 |     |        As at 
 December 31, 
         2024 |     |        As at 
 December 31, 
         2023 |
|:------------------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|
|                                           |     |          US$ |     |          HK$ |     |          HK$ |
| Amounts due from former related companies |     |            — |     |            — |     |    2,969,602 |
| Amounts due to former related companies   |     |    3,136,899 |     |   24,467,821 |     |   16,851,329 |

F-18 BILLION GROUP HOLDINGS LIMITED
NOTES TO THE COMBINED FINANCIAL STATEMENTS 16. COMMITMENTS AND CONTINGENCIES At the end of each reporting period, the Group had no significant contingent liabilities, capital and other commitments. 17. RISKS AND UNCERTAINTIES Credit risk Credit risk is the potential financial loss to the Group resulting from the failure of a customer or a counterparty to settle its financial and contractual obligations to the Group, as and when they fall due. As the Group does not hold any collateral, the maximum exposure to credit risk is the carrying amounts of accounts receivable, amounts due from former related companies and cash and cash equivalents presented on the balance sheets. The Group has no other financial assets which carry significant exposure to credit risk. Interest rate risk Fluctuations in market interest rates may negatively affect our financial condition and results of operations. The Group had no significant interest -bearingdeposits or loans as at December 31, 2024 and 2023. The Group has not used any derivative financial instruments to manage its interest risk exposure. Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its