Company: BGHL
Filing Date: 2025-10-28
Form Type: F-1/A
Source: 0001213900-25-102958
Chunk: 194

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-28
Form: F-1/A
Chunk 194
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, Disaggregation of Income Statement Expenses (Subtopic 220 -40). The ASU requires the disaggregated disclosure of specific expense categories, including purchases of inventory, employee compensation, depreciation, and amortization, within relevant income statement captions. This ASU also requires disclosure of the total amount of selling expenses along with the definition of selling expenses. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Adoption of this ASU can either be applied prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. Early adoption is also permitted. This ASU will likely result in the required additional disclosures being included in our combined financial statements, once adopted. The Group is reviewing the impact of these accounting pronouncements but does not currently expect the adoption of these to have a material impact on its combined financial statements. 2. REVENUES Revenues represent the invoiced sales of products to customers.

|                                               |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2023 |
|:----------------------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|
|                                               |     |          US$ |     |          HK$ |     |          HK$ |
| Revenues                                      |     |              |     |              |     |              |
| Sales of goods, recognized at a point in time |     |    6,773,938 |     |   52,836,714 |     |   20,811,124 |

F-11

BILLION GROUP HOLDINGS LIMITED
NOTES TO THE COMBINED FINANCIAL STATEMENTS 2. REVENUES(cont.) All revenue is derived in Hong Kong. A concentration analysis of the revenue is as follows:

|            |     |   Year Ended 
 December 31, 
         2024 |   |     |   Year Ended 
 December 31, 
         2023 |   |
|:-----------|:----|-------------:|:--|:----|-------------:|:--|
| Customer A |     |           22 | % |     |           36 | % |
| Customer B |     |