Company: BGHL
Filing Date: 2025-09-11
Form Type: F-1/A
Source: 0001213900-25-086807
Chunk: 177

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-11
Form: F-1/A
Chunk 177
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 Notes: *Giving retrospective effect to the Share Issue as detailed in note 12 to the combined financial statements. **Pursuant to the sale and purchase agreement of shares in Harmony Alliance dated March 31, 2024, in the event the total proceeds from disposal of assets or recovery of accounts receivable of Billion Enterprise International Limited fall short of the total liabilities (the “Shortfall”) as shown on the audited financial statements of Billion Enterprise International Limited for the year ended December 31, 2023, China Eco -farmingLimited as the seller undertook to reimburse the buyers for the Shortfall. The Shortfall amounted to HK$8,193,768 was assigned by the buyers to the Group as additional paid -incapital. The accompanying notes are an integral part of the combined financial statements.

F-5

BILLION GROUP HOLDINGS LIMITED COMBINED STATEMENTS OF CASH FLOWS

|                                                          |     |   Year Ended 
 December 31, 
         2024 |   |     |   Year Ended 
 December 31, 
         2024 |   |     |   Year Ended 
 December 31, 
         2023 |   |
|:---------------------------------------------------------|:----|-------------:|:--|:----|-------------:|:--|:----|-------------:|:--|
|                                                          |     |          US$ |   |     |          HK$ |   |     |          HK$ |   |
| Cash flows from operating activities                     |     |              |   |     |              |   |     |              |   |
| Net income                                               |     |      955,331 |   |     |    7,451,582 |   |     |      830,707 |   |
| Adjustments:                                             |     |              |   |     |              |   |     |              |   |
| Current tax liabilities                                  |     |      125,000 |   |     |      975,000 |   |     |            — |   |
| Provision for write-down on inventories                  |     |          674 |   |     |        5,260 |   |     |            — |   |
| Changes in operating assets and liabilities:             |     |              |   |     |              |   |     |              |   |
| Inventories                                              |     |      298,896 |   |     |    2,331,380 |