Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 104

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 104
---
 months ended June 30, 2025, the Group would pay to the suppliers before goods delivery and the suppliers would offer lower price of food products in return. For the six months ended June 30, 2025, cost of sales from fine wine and spirit was HK$31,360. The operating entity commenced trading of fine wine and spirit in the second half of year 2024. Thus, no cost of sales for fine wine and spirit was recorded during the six months ended June 30, 2024. In addition, the operating entity used to promote 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, sales and cost of sales of fine wine and spirit were low in the first half of the year 2025. The purchase price of fine wine and spirit had remained relatively stable throughout the periods. For the six months ended June 30, 2025, cost of sales from luxury seafood was HK$9,476,512. There was no cost of sales from luxury seafood during the six months ended June 30, 2024 as the Group had no sales of luxury seafood during the period. 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 purchase cost of luxury seafood was relatively stable throughout the periods. For the six months ended June 30, 2024, cost of sales from other products was HK$531,075. The operating entity ceased to trade other products in August 2024 as the management decided to focus more on sales of frozen food, fine wine and spirit and luxury seafood which have higher gross profit margin. Therefore, the Group had no sales and cost of sales from other products during the six months ended June 30, 2025. Gross Profit

|                              |     | Six Months 
      Ended 
   June 30, 
       2025 |     | Six Months 
      Ended 
   June 30, 
       2025 |     |       |     | Six Months 
      Ended 
   June 30, 
       2024 |     |       |     |  Variance |   |     |        |   |
|:-----------------------------|:----|-----------:|:----|-----------:|:----|------:|:----|-----------:|:----|------:|:----|