Company: BGHL
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001213900-25-091359
Chunk: 50

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-25
Form: F-1/A
Chunk 50
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 and preferences; •the continued growth and development of the food industry; •our ability to maintain the quality of our products; •our ability to effectively manage our growth; •our ability to compete effectively with our competitors in the food industry; and •our ability to attract and retain qualified and skilled employees. You should consider our business and prospects in light of the risks and uncertainties we face as a fast -growingcompany operating in a rapidly developing and evolving market. We may not be successful in addressing the risks and uncertainties listed above, among others, which may materially and adversely affect our business and prospects and future performance. Our business is affected by the quality and quantity of the products supplied by our suppliers, over which we have no direct control. Our ability to maintain product integrity and customer satisfaction is directly dependent on suppliers’ adherence to ethical sourcing, handling, and storage standards for high -endingredients such as Wagyu beef, sea cucumber, abalone, and fine wines and spirits. All of our suppliers are from Hong Kong. The geographic concentration of our suppliers exposes us to operational risks beyond our control, including port congestion, regulatory changes, or extreme weather events, which could disrupt shipments or increase costs. We do not control our suppliers’ practices and cannot guarantee their compliance 21 with evolving food safety regulations or certification requirements. Any quality deficiencies, even attributable to suppliers, may damage our reputation among B2B clients, leading to reduced demand, pricing pressures, or loss of certifications critical to our premium market positioning. We have a high dependency on our primary supplier — Draco Catering Management Limited (“Supplier A”), a food -and-beveragemanagement company incorporated in Hong Kong. If our primary supplier terminates our business relationship, it may have a material adverse impact on our operating results. We are actively taking measures to reduce our reliance on this single supplier, including expanding new supplier channels and optimizing our purchasing strategy. However, there is no guarantee that these measures will entirely eliminate the risk of dependency on a single supplier. If our relationship with our primary supplier changes in the future, we may encounter unstable raw material supply and cost increases, which in turn could affect our profitability. Our operations are critically reliant on a limited number of suppliers. Our operations are critically reliant on a limited number of suppliers, with our top five suppliers collectively accounting for approximately 99.90% of our total purchases in the fiscal year ended December31, 2023, and 100.00% in the fiscal year ended December31, 2024, including one primary supplier —