Company: BGHL
Filing Date: 2025-07-07
Form Type: DRS/A
Source: 0001213900-25-061617
Chunk: 85

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-07-07
Form: DRS/A
Chunk 85
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, 2024. The selling price of fine wine and spirit had remained stable throughout the years. Luxury seafood mainly includes dried abalone and fish maw. For the year ended December 31, 2024, revenue generated from sales of luxury seafood was HK$7,664,566 representing an increase of HK$3,841,807 or 100.5%, compared to that of HK$3,822,759 for the year ended December 31, 2023. The significant increase in revenue from sales of luxury seafood was mainly due to the increase in sales orders with the effort of the sales team brought by the current shareholders who acquired the business since March 31, 2024. The selling price of luxury seafood had remained stable throughout the years.

49

Sales of other products include ramen ingredients and other groceries. For the year ended December 31, 2024, revenue generated from sales of other products was HK$566,005 representing a decrease of HK$2,813,873 or 83.3%, compared to that of HK$3,379,878 for the year ended December 31, 2023. The operating entity ceased to sell ramen ingredients 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

|                              |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2024 |     |       |     |   Year Ended 
 December 31, 
         2023 |     |       |     |   Variance |   |     |       |   |
|:-----------------------------|:----|-------------:|:----|-------------:|:----|------:|:----|-------------:|:----|------:|:----|-----------:|:--|:----|------:|:--|
|                              |     |          US$ |     |          HK$ |     |     % |     |          HK$ |     |     % |     |        HK$ |   |     |     % |   |
| Sale of frozen food          |     |    3,597,058 |     |   28,057,054 |     |  65.9 |     |    6,601,254 |     |  37.9 |     | 21,455