Company: BGHL
Filing Date: 2025-09-11
Form Type: F-1/A
Source: 0001213900-25-086807
Chunk: 118

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-11
Form: F-1/A
Chunk 118
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 levels of income (set at HK$30,000 and HK$7,100 per month, respectively, as at the date of this prospectus), an employer will deduct 5% of the relevant income on behalf of an employee as mandatory contributions to a registered MPF scheme with a ceiling (set at HK$1,500 as at the date of this prospectus). Employer will also be required to contribute an amount equivalent to 5% of an employee’s relevant income to the MPF scheme, subject only to the maximum level of income (set at HK$30,000 as at the date of this prospectus). The Mainland China Consumer Protection Pursuant to the Civil Code of the PRC, promulgated by the National People’s Congress of the PRC on May28, 2020 and became effective on January1, 2021, in the event of damages caused to other party due to product defect, the infringed party may seek compensation from the manufacturer of the products or from the seller of the products and shall have the right to request the manufacturer and the seller to bear tortious liability such as cessation of infringement, removal of obstruction, elimination of danger, etc. Pursuant to the Law of the PRC on the Protection of Consumers’ Right and Interests promulgated by the Standing Committee of the National People’s Congress of the PRC on October31, 1993 and further amended on October25, 2013 and implemented on March15, 2014, and the PRC Law on Products Quality promulgated by the Standing 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. 75 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