Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 109

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 109
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 The Group had no amounts due from former related companies as at June 30, 2025 and December 31, 2024. Movement in activities from accounts payable was a decrease of HK$10,017,835 for the six months ended June 30, 2025, compared to that of HK$8,932,974 for the six months ended June 30, 2024. As agreed with the major suppliers during the six 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. As a result, the Group had no accounts payable as at June 30, 2025. Movement in activities from accrued expenses and other current liabilities was an increase of HK$1,203,332 for the six months ended June 30, 2025, compared to that of HK$2,613,307 for the six months ended June 30, 2024. The increase in accrued expenses and other current liabilities was due to the increase in accrued staff costs and

61 legal and professional fees. Starting from January 2025, the Group has employed certain new staffs. In addition, the management decided to proceed for IPO listing in the United States in 2025 which led to the increase in legal and professional fees incurred. Movement in activities from amounts due to shareholders was an increase of HK$837,321 for the six months ended June 30, 2025, compared to nil for the six months ended June 30, 2024. The increase in amounts due to shareholders represented advances from shareholders to support general business operations of the Group during the six months ended June 30, 2025. There were no amounts due to shareholders as of December 31, 2024. Movement in activities from amounts due to former related companies was a decrease of HK$24,467,821 for the six months ended June 30, 2025, compared to an increase of HK$16,235,276 for the six months ended June 30, 2024. The amounts due to former related companies were fully settled during the six months ended June 30, 2025. Net Cash (Used in) / Provided by Financing Activities Financing activities used cash of HK$2,568,341 for the six months ended June 30, 2025, compared to cash generated of HK$77,992 for the six months ended June 30, 2024. The