Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 203

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 203
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 December 31, 
         2024 |     |        As at 
 December 31, 
         2023 |
|:-------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|
|                                |     |          US$ |     |          HK$ |     |          HK$ |
| Cash held in banks and on hand |     |       32,114 |     |      250,491 |     |       81,662 |

Cash and cash equivalents were maintained in Hong Kong. Cash held in banks earns interest at floating rates based on daily bank deposit rates.

F-13

BILLION GROUP HOLDINGS LIMITED
NOTES TO THE COMBINED FINANCIAL STATEMENTS 9. ACCOUNTS PAYABLE

|                  |     |        As at 
 December 31, 
         2024 |     |        As at 
 December 31, 
         2024 |     |        As at 
 December 31, 
         2023 |
|:-----------------|:----|-------------:|:----|-------------:|:----|-------------:|
|                  |     |          US$ |     |          HK$ |     |          HK$ |
| Accounts payable |     |    1,284,337 |     |   10,017,835 |     |    8,932,974 |

The Group normally obtains credit terms of 60 -90days from suppliers. A concentration analysis of accounts payable is as follows:

|            |     |        As at 
 December 31, 
         2024 |   |     |        As at 
 December 31, 
         2023 |   |
|:-----------|:----|-------------:|:--|:----|-------------:|:--|
| Supplier A |     |           80 | % |     |           28 | % |
| Supplier B |     |            0 | % |     |           34 | % |
| Supplier C |     |            2 | % |     |           31 | % |
| Supplier D |     |           17 | % |     |            0 | % |

A concentration analysis of the suppliers based on the purchases made during the years is as follows:

|            |     |   Year Ended 
 December 31, 
         2024 |   |     |   Year Ended 
 December 31, 
         2023 |   |