Company: BGHL
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001213900-25-091359
Chunk: 54

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-25
Form: F-1/A
Chunk 54
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 tailored to local consumer preferences, such as seasonal or culturally specific ingredients; •Fluctuations in demand driven by pricing adjustments by competitors targeting Hong Kong’s premium B2B buyers; •Challenges in expanding our product portfolio with globally scarce ingredients at commercially viable terms; •Shifts in Hong Kong’s economic conditions, regulatory environment, or consumer spending patterns affecting luxury goods demand. Failure to address these factors could compress margins, reduce order volumes, or diminish brand loyalty, materially impacting revenue and profitability. There is no assurance that our customers will continue to place purchase orders with us. All of our customers place purchase orders with us on an as -neededbasis. There is no assurance that our major customers will continue to place purchase orders with us in the future. In the event that any of our major customers cease to place purchase orders with us, reduce the number of their purchase orders with us, or request more favorable terms and conditions, our business, results of operations, financial conditions and future prospects may be adversely affected. Our business success and results of operations are significantly dependent on our ability to retain existing customers and attract new ones. Our business success and results of operations are significantly dependent on our ability to retain existing customers and attract new ones. While we serve a diverse customer base, including catering -relateddistributors, five -starhotels, high -net -worthfamilies, and high -qualitycustomers in luxury retail channels, the loss of any key customer, or a significant reduction in their purchase volumes, could materially and adversely affect our revenue and financial performance. For the fiscal year ended December 31, 2023, our top five customers collectively accounted for approximately 72.36% of our total sales. Similarly, for the fiscal year ended December 31, 2024, our top five customers contributed approximately 77.44% of our total sales. This concentration of sales among a limited number of customers means that we are exposed to risks associated with their business performance, financial condition, and purchasing decisions. There can be no assurance that we will be able to maintain our relationships with these key customers on favorable terms, or at all. Our strategy for customer retention focuses on enhancing loyalty and repeat purchases, particularly among our most significant customers (those with annual procurement exceeding HK$5 million). For these key customers, we provide dedicated procurement managers, priority selection rights for goods, and a 24 -houremergency delivery service. For general customers, we maintain regular communication to share industry insights. We also emphasize personalized service through monthly engagement