Company: BGHL
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001213900-25-091359
Chunk: 52

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-25
Form: F-1/A
Chunk 52
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 direct oversight. While we mandate compliance with food safety standards through contractual agreements and audits, we exercise no control over their day -to -dayoperations, facilities, or personnel. Supplier negligence, such as failures to maintain hygienic conditions, mishandling during transportation including temperature deviations, or deliberate tampering may compromise product integrity, leading to contamination by pathogens, chemical residues, or adulteration. These risks persist despite our quality assurance protocols and may materialize at any stage of the supply chain. We may be subject to significant liability in the jurisdictions in which our products are sold if the consumption of any of our products causes injury, illness, or death. Such liability may result from proceedings filed by consumer agencies, and individual consumers. We may have to pay significant damages. Adverse publicity concerning any 22 perceived or real health risk associated with our products could also cause customers to lose confidence in the safety and quality of our food products, which could adversely affect our ability to sell our products. We could also be adversely affected by perceived or real health risks associated with similar products produced by others to the extent that such risks cause customers to lose confidence in the safety and quality of such products generally. Our operations may be adversely affected by disruptions in logistics services or mishandling of products by third-party logistics providers. We rely on third -partylogistics partners to deliver premium food products, including Wagyu beef, sea cucumber, abalone, fish maw, and high -endred wine, to our warehouses and B2B clients. The integrity of these perishable products, which often require temperature -controlledtransportation and strict handling protocols, is critical to maintaining their quality and shelf life. Any delays, temperature deviations, or physical damage during transit could compromise product freshness, leading to spoilage, customer rejections, or contractual penalties. While we enforce service -levelagreements with logistics providers, contractual remedies may not fully offset losses from reputational harm or client attrition, particularly in jurisdictions with limited legal recourse. Failure to compete effectively may adversely affect our market share and profitability. The industry is highly competitive, with rivalry based on brand recognition, product quality, service differentiation, and pricing. We compete against regional, national, and international distributors of luxury ingredients, including Wagyu beef, sea cucumber, abalone, and premium wines, as well as potential new entrants. Increased competition could compress margins, erode market share, or diminish brand equity, particularly if competitors leverage aggressive pricing, exclusive supplier agreements, or enhanced customer incentives. Some of our current