Company: BGHL
Filing Date: 2025-08-29
Form Type: F-1
Source: 0001213900-25-082403
Chunk: 89

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-08-29
Form: F-1
Chunk 89
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 12.1 |     |    2,730,536 |     |  15.7 |     |  2,425,154 |   |     |  88.8 |   |
| Sales of other products      |     |       68,818 |     |      536,779 |     |   1.3 |     |    3,218,467 |     |  18.5 |     | (2,681,688 | ) |     | (83.3 | ) |
| Total Amount                 |     |    5,456,836 |     |   42,563,319 |     | 100.0 |     |   17,395,902 |     | 100.0 |     | 25,167,417 |   |     | 144.7 |   |

For the year ended December 31, 2024, cost of sales from frozen food was HK$28,057,054, representing an increase of HK$21,455,800 or 325.0%, compared to that of HK$6,601,254 for the year ended December 31, 2023. The increase in cost of sales from frozen food was caused by the increase in purchases of goods to cope with the increase in customer demand. For the year ended December 31, 2024, cost of sales from fine wine and spirit was HK$8,813,796, representing an increase of HK$3,968,151 or 81.9%, compared to HK$4,845,645 for the year ended December 31, 2023. The increase in cost of sales from fine wine and spirit was caused by the increase in purchases to cope with the increase in customer demand. However, the new procurement team brought by the current shareholders was able to agree a lower purchase price with the supplier due to bulk purchases in 2024. Thus, the cost of sales from fine wine and spirit increased in a lower portion than the increase in sales for the year ended December 31, 2024. For the year ended December 31, 2024, cost of sales from luxury seafood was HK$5,155,690, representing an increase of HK$2,425,154 or 88.8%, compared to HK$2,730,536 for the year ended December 31, 2023. The increase in cost of sales from luxury seafood was caused by