Company: BGHL
Filing Date: 2025-10-28
Form Type: F-1/A
Source: 0001213900-25-102958
Chunk: 100

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-28
Form: F-1/A
Chunk 100
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. Thus, no revenue from sales of fine wine and spirit was derived during the six months ended June 30, 2024. In addition, the operating entity used to promote fine wine and spirit only in the last quarter of the year so as to boost consumption and sales during the festivals like Christmas and New Year. Therefore, revenue from sales of fine wine and spirit was low in the first half of the year 2025. The selling price of fine wine and spirit had remained stable throughout the periods. Luxury seafood mainly includes dried abalone and fish maw. For the six months ended June 30, 2025, revenue generated from sales of luxury seafood was HK$12,092,474. There was no revenue from sales of luxury seafood during the six months ended June 30, 2024. The operating entity used to focus on trading of frozen food in the first half of the year. Instead, the operating entity used to promote luxury seafood only in the second half of the year so as to boost consumption and sales during the festivals like Mid -Autumn, Christmas and New Year. The selling price of luxury seafood had remained stable throughout the periods.

57

Sales of other products include ramen ingredients and other groceries. For the six months ended June 30, 2024, revenue generated from sales of other products was HK$564,430. The operating entity ceased to sell other products in August 2024 as the management decided to focus more on the sales of frozen food, fine wine and spirit and luxury seafood which have higher gross profit margin. Cost of Sales

|                              |     | Six Months 
      Ended 
   June 30, 
       2025 |     | Six Months 
      Ended 
   June 30, 
       2025 |     |       |     | Six Months 
      Ended 
   June 30, 
       2024 |     |       |     |  Variance |   |     |        |   |
|:-----------------------------|:----|-----------:|:----|-----------:|:----|------:|:----|-----------:|:----|------:|:----|----------:|:--|:----|-------:|:--|
|                              |     |        US$ |     |        HK$ |     |     % |     |       HK $ |     |     % |     |       HK$ |   |     |      % |   |
| Sale of frozen food          |     |