Company: BGHL
Filing Date: 2025-05-30
Form Type: DRS
Source: 0001213900-25-049553
Chunk: 172

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-05-30
Form: DRS
Chunk 172
---
 |        5,077 |     |       23,265 |
| Income tax expenses         |     |      125,000 |     |      975,000 |     |            — |
| Net income                  |     |      955,331 |     |    7,451,582 |     |      830,707 |

15. RELATED PARTY BALANCES AND TRANSACTIONS Nature of relationships with related parties

| Name                                           
 China Eco-farming Limited                      
 Shenzhen Shengshi Fuqiang Technology Co., Ltd. |     | Relationship with the related parties                         
 Shareholder of Harmony Alliance before March 31, 2024         
 A fellow subsidiary of Harmony Alliance before March 31, 2024 |
|:-----------------------------------------------|:----|:--------------------------------------------------------------|
| Kingtop Asia Investment Limited                |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| Billion Element Limited                        |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| China Smart Asia Limited                       |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| Success Royal Investment Limited               |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| China AF Capital Limited                       |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| China AF Finance Limited                       |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| King Health International Holdings Limited     |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| Skyline Top Limited                            |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| Seal Eco Recycling Limited                     |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |
| Wide Graceful Holdings Limited                 |     | A fellow subsidiary of Harmony Alliance before March 31, 2024 |

F-17

BILLION GROUP HOLDINGS LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 15. RELATED PARTY BALANCES AND TRANSACTIONS (cont.) Transactions with related parties

|                                                               |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2023 |
|:--------------------------------------------------------------|:----|-------------:|:----|-------------