Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 151

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 151
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’s profits, out of our share premium account or out of the proceeds of a fresh issue of shares made for the purpose of such repurchase, or, if authorized by the articles of association and subject to the Cayman Companies Act, out of capital. If the repurchase proceeds are paid out of our Company’s capital, our Company must, immediately following such payment, be able to pay its debts as they fall due in the ordinary course of business. In addition, under the Cayman Companies Act, no such share may be repurchased (1) unless it is fully paid up, (2) if such repurchase would result in there no longer be any issued shares of our Company (other than shares held as treasury shares), and (3) unless the manner of repurchase (if not so authorized under the Memorandum and Articles) has first been authorized by a resolution of our shareholders. Under the Articles, our Company may repurchase its own shares on the terms and in the manner which our directors determine at the time of such repurchase. In addition, under the Cayman Companies Act, our Company may accept the surrender of any fully paid share for no consideration unless, as a result of the surrender, the surrender would result in there being no longer any issued shares of our Company (other than shares held as treasury shares). Variations of Rights of Shares The rights attached to any class or series of shares (unless otherwise provided by the terms of issue of the shares of that class or series), whether or not our company is being wound -up, may be varied with the consent in writing of the holders of two -thirdsof the issued shares of that class or series or with the sanction of a resolution passed by at least a two -thirdsmajority of the holders of shares of the class or series present in person or by proxy and entitled to vote at a separate meeting of the holders of the shares of the class or series. Changes in the number of shares we are authorized to issue and those in issue We may from time to time by an ordinary resolution passed by our shareholders: •increase or reduce (by cancellation of shares that have not been taken or agreed to be taken by any person) the authorized share capital of our Company; •subdivide our authorized and issued shares into a larger number of shares; and •consolidate our authorized and issued shares into a smaller number of shares. 98 Issuance of Additional Shares Our Memorandum and Articles authorize our board of directors to issue additional Ordinary Shares from time to time