Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 131

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 131
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 Committee of the National People’s Congress of the PRC on February22, 1993 and last amended on December29, 2018, consumers or other victims who suffer personal injury or property losses due to product defects may demand compensation from the producer as well as the seller. Nevertheless, if the responsibility for product defects lies with the producer, the sellers have the right to recover such compensation from the producer if they take the responsibility and make the compensation, and vice versa. Violations of the PRC Law on Products Quality may result in the imposition of fines. In addition, the seller or producer may be ordered to suspend operation and its business license may be revoked. Criminal liability may be incurred in serious cases. 84 Food Advertisement According to the Advertising Law of the PRC promulgated by the Standing Committee of the National People’s Congress of the PRC on October27, 1994 and most recently revised on April29, 2021, advertisement shall not contain any false or misleading information, and shall not deceive or mislead customers. Each advertiser, advertising agent or advertisement publisher shall, when engaging in advertising activities, comply with laws and regulations, act in good faith, and conduct fair competition. In any advertisement, where there are statements regarding the performance, function, place of origin, use, quality, ingredients, price, producer, valid period and guarantees of the product, or the content, provider, form, quality, price and guarantees of the service, such statements shall be accurate, clear and explicit. Where a false advertisement is published in violation of the provisions of the Advertising Law of the PRC, the market regulatory department shall order cessation of publishing the advertisement, order the advertiser to eliminate adverse effects within the corresponding extent, and impose a fine of not less than 3 nor more than 5 times the advertising expenses on it or if the advertising expenses are incalculable or evidently low, a fine of not less than RMB200,000 nor more than RMB1million on it. Food Label Pursuant to the Administrative Measures on Food Label promulgated by the General Administration of Quality Supervision, Inspection and Quarantine of the PRC on August27, 2007, and later revised and implemented on October22, 2009, the food label shall state the name, production place, production date, expiry date, storage condition, net content, list of ingredients, the product standard code and manufacturer’s registered name, address and contact information. Further, for the food which requires the production license, the