Company: BGHL
Filing Date: 2025-09-11
Form Type: F-1/A
Source: 0001213900-25-086807
Chunk: 60

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-11
Form: F-1/A
Chunk 60
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 specific to logistics infrastructure, procurement practices, and technology adoption rates. The market for supply chain solutions may not develop at the rate projected, or at all. Any material deviation from projected growth rates could adversely affect our strategic planning and investor confidence in our Ordinary Shares. We have not independently verified third -partydata or methodologies underlying Frost & Sullivan’s analysis. The report relies on industry publications and market research that may employ divergent data collection frameworks from our internal practices. While these sources are presented as reliable, their accuracy and completeness are not guaranteed. A severe or prolonged downturn in Hong Kong or the global economy could materially reduce demand for premium food products and disrupt supply chain operations, adversely affecting our business, financial condition, and results of operations. Hong Kong’s status as a global financial and trade hub exposes our business to international macroeconomic volatility. Geopolitical conflicts, inflationary pressures, and abrupt shifts in monetary policies by major economies, including U.S. interest rate hikes and EU fiscal tightening, could suppress discretionary spending among our core client base of luxury hotels, high -net -worthhouseholds, and premium retailers. For example, a global recession may lead hospitality clients to simplify menus or delay inventory replenishment for high -endingredients such as Wagyu beef and abalone, directly reducing order volumes. Our supply chain faces heightened risks during economic contractions. Currency fluctuations and tightening trade financing conditions could escalate procurement costs for imported goods, while liquidity constraints among international suppliers might delay shipments or necessitate unfavorable payment terms. Prolonged market instability may also limit access to financing for critical cold -chaininfrastructure upgrades or inventory procurement, constraining operational flexibility. Hong Kong’s specific vulnerabilities further compound these risks. Labor shortages, reduced tourism activity, or declines in corporate hospitality budgets could strain distributor relationships and suppress reorder rates. A sustained economic downturn would force margin compression to retain clients, increase inventory holding costs, and erode revenue predictability, materially impairing profitability and competitive positioning. We may be affected by the currency peg system in Hong Kong. Since 1983, Hong Kong dollars have been pegged to US dollars at the rate of approximately HKD7.8 to USD1.0. We cannot assure you that this policy will not be changed in the future. If the pegging system collapses and HKD suffers devaluation, the HKD cost of our expenditures denominated in foreign currency may increase. This would in turn adversely affect the operations and profitability of our business. 29 We have limited insurance to cover our potential losses and claims. We purchase