Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 32

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 32
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 expanding our market reach and strengthening our sales and distribution infrastructure (approximately 45%), (ii) enhancing our brand awareness and investing in marketing and advertising initiatives (approximately 35%), and (iii) general corporate purposes (approximately 20%). See “Use of Proceeds” for additional information. |

11

| Lock-up                |     | Subject to certain exceptions, we and our directors, executive officers, and shareholders have entered into lock-up agreements that restrict the offer, pledge, sale, contract to sell, grant of any option, right or warrant to purchase, lending, or other transfer or disposition of, directly or indirectly, any Ordinary Shares or any other securities convertible into or exercisable or exchangeable for Ordinary Shares for a specified period after the closing of this offering. The lock-up period for shareholders holding less than 5% of our outstanding Ordinary Shares is 3 months. The lock-up period for (i) the Company, (ii) all directors and executive officers, and (iii) all shareholders holding 5% or more of our outstanding Ordinary Shares (together, the “Restricted Parties”) is 6 months. See “Shares Eligible for Future Sale — Lock-Up Agreements” and “Underwriting — Lock-Up Agreements.” |
|                        |     | In addition, the Company has agreed not to file or cause to be filed any registration statement with the SEC relating to the offering of any Ordinary Shares of the Company or any securities convertible into or exercisable or exchangeable for Ordinary Shares of the Company for a period of 12 months after the date of this prospectus, other than post-effective amendments to the Registration Statement of which this prospectus is a part.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Payment and settlement |     | The underwriters expect to deliver the Ordinary Shares against payment on [*], 2025.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Risk factors           |     | The Ordinary Shares offered hereby involve a high degree of risk. You should read “Risk Factors” beginning on page 13 for a discussion of factors to consider before deciding to invest in our Ordinary Shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

12 RISK FACTORS 01-Risks Related to Doing Business in Hong Kong All of our operations are in Hong Kong. However, due to the long-arm application of the current PRC laws and regulations, the PRC government may exercise significant direct oversight and discretion over the conduct of our business and may intervene or influence our operations, at any time, or may exert more control over offerings conducted overseas