Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 139

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 139
---
 management to the board if any cybersecurity risks are detected. While the board oversees our cybersecurity risk management, management is responsible for day -to -dayrisk management processes. We believe this division of responsibilities is the most effective approach for addressing our cybersecurity risks and that our board leadership structure supports this approach. Terms of Directors and Officers Our officers are elected by the board of directors and will serve for a period of 1 year from the effective date of the registration statement. Our directors are not subject to a term of office and hold office until their resignation, death or incapacity, or until their respective successors have been elected and qualified or until his or her office is otherwise vacated in accordance with our Post -offeringmemorandum and articles of association. Under our Post -offeringmemorandum and articles of association, a director’s office shall be terminated forthwith if: (i) the director is prohibited by the law of the Islands from acting as a director; or (ii) the director is made bankrupt or makes an arrangement or composition with his creditors generally; or (iii) the director resigns his office by notice to the Company; or (iv) the director only held office as a director for a fixed term and such term expires; or (v) in the opinion of a registered medical practitioner by whom the director is being treated the director becomes physically or mentally incapable of acting as a director; or (vi) the director is given notice by the majority of the other directors (not being less than two in number) to vacate office (without prejudice to any claim for damages for breach of any agreement relating to the provision of the services of such director); or (vii) the director is made subject to any law relating to mental health or incompetence, whether by court order or otherwise; or (viii) without the consent of the other directors, the director is absent from meetings of directors for a continuous period of six months. Limitation on Liability and Other Indemnification Matters Cayman Islands law allows us to indemnify our directors, officers and auditors acting in relation to any of our affairs against actions, costs, charges, losses, damages and expenses incurred by reason of any act done or omitted in the execution of their duties as our directors, officers and auditors. Under our Post -offeringmemorandum and articles of association, we may indemnify each existing or former director (including alternate director), secretary and other officer of the Company (including an investment adviser or an administrator or liquidator) and their