Company: BGHL
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001213900-25-091359
Chunk: 195

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-25
Form: F-1/A
Chunk 195
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     |      178,255 |   |     |    1,390,386 |   |     |      137,067 |   |
| Tax effect of preferential tax rate                  |     |      (21,154 | ) |     |     (165,000 | ) |     |            — |   |
| Tax effect of expenses that are not deductible       |     |          309 |   |     |        2,412 |   |     |        2,939 |   |
| Tax effect of utilization of tax losses              |     |      (32,522 | ) |     |     (253,673 | ) |     |     (140,006 | ) |
| Tax reduction                                        |     |         (192 | ) |     |       (1,500 | ) |     |            — |   |
| Others                                               |     |          304 |   |     |        2,375 |   |     |            — |   |
| Income tax expenses                                  |     |      125,000 |   |     |      975,000 |   |     |            — |   |

The Group had no material unutilized net operating loss under Hong Kong Tax Regime nor other unrecognized temporary differences as at December 31, 2024 and 2023. Under relevant Hong Kong tax laws, tax case is normally subject to investigation by the tax authority for up to 6 years of assessment prior to the current year of assessment, unless in case of fraud or willful evasion, then the investigation can be extended to cover 10 years of assessment. For most taxpayers with simple affairs, the amendment period for an income tax assessment is 2 years from the date that a taxpayer issued with an assessment, while those with more complex affairs would extend to 4 years from the date that a taxpayer issued with an assessment. As of December 31, 2024 and 2023, the Group had no open tax investigation from the tax authority.

F-16

BILLION GROUP HOLDINGS LIMITED
NOTES TO THE COMBINED FINANCIAL STATEMENTS 14. SEGMENT INFORMATION Reportable Segments The Group operates as a single reportable segment, which is consistent with how the CODM, the Chief Executive Officer, allocates resources and assesses performance. The Group’s operations are centralized and integrated, with financial results reviewed and managed on a consolidated basis. Accordingly, management has determined that the Group has one reportable segment under