Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 101

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 101
---
 and 100% on any specifically identified receivables that may become uncollectible. There is no allowance for credit losses or write -offduring the six months ended June 30, 2025 and the year ended December 31, 2024. Other current assets As at June 30, 2025, other current assets were HK$6,898,896, representing an increase of HK$6,724,839 or 3,863.6%, as compared to HK$174,057 as of December 31, 2024. As at December 31, 2024 other current assets solely represented advance payment to a supplier resulted from overpayment made by the Group for settlement of purchase of goods to the supplier which was incidental and were fully utilized for purchases during the six months ended June 30, 2025. As at June 30, 2025, other current assets solely represented prepayments made to suppliers for purchases of goods. As agreed with the major suppliers during the six months ended June 30, 2025, the Group would pay to the suppliers before goods delivery and the suppliers would offer lower price of food products in return. Right-of -use assets The Group is a lessee under an operating lease for office premises. As at June 30, 2025, right -of -useassets were HK$296,985. There were no right -of -useassets as of December 31, 2024 as the office premises were newly leased in January 2025. Other non-current assets Other non -currentassets solely represented rental and utility deposits for office premises. As at June 30, 2025, other non -currentassets were HK$30,000. There were no other non -currentassets as of December 31, 2024 as the office premises were newly leased in January 2025. Deferred offering costs Offering costs incurred were deferred until the completion of the Offering. As at June 30, 2025, deferred offering costs were HK$3,388,341. The management decided to proceed for IPO listing in the United States in 2025. There were no deferred offering costs as of December 31, 2024. 55 Accounts payable As at December 31, 2024, accounts payable was HK$10,017,835. As agreed with the major suppliers during the six months ended June 30, 2025, the Group would pay to the suppliers before goods delivery and the suppliers would