Company: BGHL
Filing Date: 2025-10-28
Form Type: F-1/A
Source: 0001213900-25-102958
Chunk: 104

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-28
Form: F-1/A
Chunk 104
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 2024. The gross profit margin of sales of other products was 5.9% for the six months ended June 30, 2024. The gross profit margin of sales of other products was the lowest amongst all the products. The operating entity ceased to trade other products in August 2024 as the management decided to focus more on sales of frozen food, fine wine and spirit and luxury seafood which have higher gross profit margin. Operating Expenses Operating expenses comprise management fee, amortization of right -of -useassets, transportation, staff costs, travelling and entertainment. For the six months ended June 30, 2025, operating expenses were HK$997,453, representing an increase of HK$115,255 or 13.1%, as compared to HK$882,198 for the six months ended June 30, 2024. The increase was contributed by the increase in amortization for right -of -useassets in relation to an office premises newly leased in January 2025 and staff costs for newly employed staffs during the six months ended June 30, 2025. Administrative Expenses Administrative expenses comprise professional fee, bank charges and other miscellaneous expenses. For the six months ended June 30, 2025, administrative expenses were HK$71,400, representing an increase of HK$64,249 or 898.5%, as compared to HK$7,151 for the six months ended June 30, 2024. The significant increase was caused by the increase in legal fee, insurance and other sundry expenses due to business expansion during the six months ended June 30, 2025.

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Other Income Other income comprises sundry income. For the six months ended June 30, 2025, other income of the Group was HK$5, representing a decrease of HK$5,072 or 99.9%, as compared to HK$5,077 for the six months ended June 30, 2024. During the six months ended June 30, 2024, the Group provided administrative services to two customers to help monitor their sales accounts on the Taobao platform. The services were ended in the second half year of 2024. The Group no longer provided such administrative services during the six months ended June 30, 2025. Finance costs Finance costs solely represented interest expense on operating lease liabilities. For the six months ended June 30, 2025, finance costs of the Group were HK$10,387. There were no