Company: BGHL
Filing Date: 2025-10-28
Form Type: F-1/A
Source: 0001213900-25-102958
Chunk: 212

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-28
Form: F-1/A
Chunk 212
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 inventories of nil and HK$5,260 during the six months ended June 30, 2025 and the year ended December 31, 2024, respectively. 6.ACCOUNTS RECEIVABLE, NET

|                     |     |    As at 
 June 30, 
     2025 |     |     As at 
  June 30, 
      2025 |     |        As at 
 December 31, 
         2024 |
|:--------------------|:----|---------:|:----|----------:|:----|-------------:|
|                     |     |      US$ |     |       HK$ |     |          HK$ |
| Accounts receivable |     |  775,418 |     | 6,048,264 |     |   42,697,286 |

The Group normally allows credit terms to customers ranging from 60 to 90 days. The Group seeks to maintain strict control over its accounts receivable. Overdue accounts receivable is reviewed regularly by the Board of Directors. There was no allowance for credit losses or write -offduring the six months ended June 30, 2025 and the year ended December 31, 2024. A concentration analysis of accounts receivable is as follows:

|            |     |    As at 
 June 30, 
     2025 |   |     |        As at 
 December 31, 
         2024 |   |
|:-----------|:----|---------:|:--|:----|-------------:|:--|
| Customer A |     |       19 | % |     |           20 | % |
| Customer C |     |        2 | % |     |           11 | % |
| Customer D |     |       15 | % |     |           10 | % |
| Customer E |     |       10 | % |     |           22 | % |
| Customer F |     |        1 | % |     |           18 | % |
| Customer G |     |       12 | % |     |            3 | % |
| Customer H |     |       15 | % |     |            2 | % |

7.OTHER CURRENT ASSETS

|                                    |     |    As at 
 June 30, 
     2025 |     |     As at 
  June 30, 
      2025 |     |