Company: BGHL
Filing Date: 2025-07-07
Form Type: DRS/A
Source: 0001213900-25-061617
Chunk: 28

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-07-07
Form: DRS/A
Chunk 28
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 company. The JOBS Act provides that we would cease to be an “emerging growth company” at the end of the fiscal year in which the fifth anniversary of our initial sale of common equity pursuant to a registration statement declared effective under the Securities Act of 1933, as amended (“ Securities Act”) occurred, if we have more than $1.235 billion in annual revenue, have more than $700 million in market value of our Ordinary Shares held by non -affiliates, or issue more than $1.0 billion in principal amount of non -convertibledebt over a three -yearperiod. Implications of Being a Foreign Private Issuer We are a foreign private issuer within the meaning of the rules under the Securities Exchange Act of 1934, as amended (“ Exchange Act”). As such, we are exempt from certain provisions applicable to United States domestic public companies. For example: •we are not required to provide as many Exchange Act reports, or as frequently, as a domestic public company; •for interim reporting, we are permitted to comply solely with our home country requirements, which are less rigorous than the rules that apply to domestic public companies; 9 •we are not required to provide the same level of disclosure on certain issues, such as executive compensation; •we are exempt from provisions of Regulation Fair Disclosure aimed at preventing issuers from making selective disclosures of material information; •we are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations in respect of a security registered under the Exchange Act; and •we are not required to comply with Section 16 of the Exchange Act requiring insiders to file public reports of their share ownership and trading activities and establishing insider liability for profits realized from any “short -swing” trading transaction. We will be required to file an annual report on Form 20 -Fwithin four months of the end of each fiscal year. Press releases relating to financial results and material events will also be furnished to the SEC on Form 6 -K. However, the information we are required to file with or furnish to the SEC will be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers. As a result, you may not be afforded the same protections or information that would be made available to you were you investing in a U.S. domestic issuer. The Nasdaq listing rules provide that a foreign private issuer may follow the practices of its home country, which for us is the Cay