Company: BGHL
Filing Date: 2025-08-29
Form Type: F-1
Source: 0001213900-25-082403
Chunk: 168

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-08-29
Form: F-1
Chunk 168
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 of these documents upon payment of a duplicating fee, by writing to the SEC. Please call the SEC at 1 -800-SEC-0330for further information on the operation of the public reference rooms. The SEC also maintains a website that contains reports, proxy statements and other information about issuers, such as us, who file electronically with the SEC. The address of that website is http: // www.sec.gov. The information on that website is not a part of this prospectus. No dealer, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus. You must not rely on any unauthorized information or representations. This prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date. 114

INDEX TO THE COMBINED FINANCIAL STATEMENTS

| CONTENTS                                                                                                  
 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                                                   
 COMBINED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND 2023                                                  
 COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 |     | PAGE(S) 
 F-2     
 F-3     
 F-4     |
|:----------------------------------------------------------------------------------------------------------|:----|:--------|
| COMBINED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023     |     | F-5     |
| COMBINED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023                          |     | F-6     |
| NOTES TO THE COMBINED FINANCIAL STATEMENTS                                                                |     | F-7     |

F-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of
Billion Group Holdings Limited Opinion on the Financial Statements We have audited the accompanying combined balance sheets of Billion Group Holdings Limited and its subsidiaries (the “Company”) as of December31, 2024 and 2023, and the related combined statements of operations and comprehensive income, changes in shareholders’ equity, and cash flows for each of the two years in the period ended December31,