Company: BGHL
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001213900-25-089787
Chunk: 62

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-22
Form: F-1/A
Chunk 62
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 may cause financial losses and damages to our reputation, thereby materially and adversely affecting our business, financial position, results of operations and prospect. Certain data and information in this prospectus were obtained from third-party sources and were not independently verified by us. We have engaged Frost & Sullivan to prepare a commissioned industry report analyzing the premium food and beverage supply chain management solutions market in Hong Kong and Mainland China. Information and data relating to this market have been derived from Frost & Sullivan’s industry report. Statistical data included in the report incorporate projections based on assumptions specific to logistics infrastructure, procurement practices, and technology adoption rates. The market for supply chain solutions may not develop at the rate projected, or at all. Any material deviation from projected growth rates could adversely affect our strategic planning and investor confidence in our Ordinary Shares. We have not independently verified third -partydata or methodologies underlying Frost & Sullivan’s analysis. The report relies on industry publications and market research that may employ divergent data collection frameworks from our internal practices. While these sources are presented as reliable, their accuracy and completeness are not guaranteed. A severe or prolonged downturn in Hong Kong or the global economy could materially reduce demand for premium food products and disrupt supply chain operations, adversely affecting our business, financial condition, and results of operations. Hong Kong’s status as a global financial and trade hub exposes our business to international macroeconomic volatility. Geopolitical conflicts, inflationary pressures, and abrupt shifts in monetary policies by major economies, including U.S. interest rate hikes and EU fiscal tightening, could suppress discretionary spending among our core client base of luxury hotels, high -net -worthhouseholds, and premium retailers. For example, a global recession may lead hospitality clients to simplify menus or delay inventory replenishment for high -endingredients such as Wagyu beef and abalone, directly reducing order volumes. Our supply chain faces heightened risks during economic contractions. Currency fluctuations and tightening trade financing conditions could escalate procurement costs for imported goods, while liquidity constraints among international suppliers might delay shipments or necessitate unfavorable payment terms. Prolonged market instability may also limit access to financing for critical cold -chaininfrastructure upgrades or inventory procurement, constraining operational flexibility. Hong Kong’s specific vulnerabilities further compound these risks. Labor shortages, reduced tourism activity, or declines in corporate hospitality budgets could strain distributor relationships and suppress reorder rates. A sustained economic downturn would force margin compression to retain clients, increase inventory holding costs, and erode revenue predictability, materially impairing profitability and competitive positioning. We may be affected by the currency peg