Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 209

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 209
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 (Direct)   |     | Investment holding       |
| Billion Enterprise International Limited (formerly known as King Health Investment Holdings Limited) (“Operating Subsidiary”) (Note (i)) |     | Established in Hong Kong on January 9, 2015            |     | Share capital of HK$10,000 |     | 100% (Indirect) |     | Trading of food products |

____________ Note: (i)The change of company name of the subsidiary was effective in March 1, 2025. The Company acquired 100% equity interest in Harmony Alliance on July 15, 2025. As part of the reorganization, the Company issued 999 ordinary shares at par value of US$0.0001 each for the share swap with the shareholders of Harmony Alliance. The Company, Harmony Alliance and the Operating Subsidiary are controlled by the same controlling shareholder before and after the reorganization; therefore, the reorganization is considered a recapitalization of entities under common control. The recapitalization of the Group was accounted for at historical cost, with no goodwill or intangible assets recorded, and the interim combined financial statements are presented as if the aforementioned transactions were effective as of the beginning of the first period presented. Results and operations for the periods presented comprise those of the previous separate entities combined from January 1, 2024. (b)Basis of presentation under common control business combination A business combination involving entities under common control is a business combination in which all the combining entities or businesses are ultimately controlled by the same party or parties both before and after the business combination, and that control is not transitory. For such common control business combinations, the merger accounting principles are applied to include the assets, liabilities, results, changes in equity and cash flows of the combining entities in the interim combined financial statements. In applying merger accounting, components of financial statements of the combining entities or businesses for the reporting periods in which the common control combination occurs are included in the interim combined financial statements of the combined entities as if the combination had occurred from the date when the combining entities or businesses first came under the control of the controlling party or parties. A single uniform set of accounting policies is adopted by the combined entities. Therefore, the combined entity recognized the assets, liabilities and equity of the combining entities or businesses at the carrying amounts recognized previously in the interim combined financial statements of the controlling party or parties prior to the common control combination. The carrying amounts are included as if such interim combined financial statements had been prepared