Company: BGHL
Filing Date: 2025-10-28
Form Type: F-1/A
Source: 0001213900-25-102958
Chunk: 3

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-28
Form: F-1/A
Chunk 3
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 our Ordinary Shares involves a high degree of risk, including the risk of losing your entire investment. See the section entitled “Risk Factors” starting on page 13 of this prospectus for a discussion of information that should be considered before making a decision to purchase our Ordinary Shares. Investors in this Offering are not purchasing equity securities of the Hong Kong Operating Subsidiary, Billion Enterprise International Limited. Instead, they are purchasing Ordinary Shares of Billion Group Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability which is the parent company of Billion Enterprise International Limited. Such a structure involves unique risks to investors in this Offering. Chinese regulatory authorities could disallow this structure, which would likely result in a material change in our operations and/or a material change in the value of the securities of the Company, including that it could cause the value of such securities to significantly decline or become worthless. For a detailed description, see “Risk Factors — Risks Related to our Ordinary Shares and this Offering” on page 30 of this prospectus and “Risks Related to Doing Business in Hong Kong” on page 13 of this prospectus. We are an “emerging growth company” as defined under the federal securities laws and will be subject to reduced public company reporting requirements. See “Prospectus Summary — Implications of Being an Emerging Growth Company” and “Risk Factors” on pages 9 and13, respectively . Upon the completion of this Offering, we will be a “controlled company” as defined under the Nasdaq Stock Market Rules because our controlling shareholder, which refers to a person or entity that (i) holds more than 50% of the total voting power of the issuer’s outstanding shares, or (ii) possesses de facto control over the issuer’s management or corporate policies through contractual arrangements, board representation, concentrated voting power or other governance mechanisms, will own 62.6% of our total issued and outstanding Ordinary Shares, representing 62.6% of the total voting power, assuming that the representative of the underwriters does not exercise the over -allotmentoption. Although we do not intend to rely on the “controlled company” exemption under the Nasdaq listing rules after the Offering, we could elect to rely on this exemption in the future. If we elect to rely on the “controlled company” exemption, a majority of the members of our board of directors might not be independent and our nomination compensation committees might not consist entirely of independent directors. We are not, and our Operating Subsidi