Company: BGHL
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001213900-25-091359
Chunk: 187

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-25
Form: F-1/A
Chunk 187
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 have a material impact on its combined financial statements. 2. REVENUES Revenues represent the invoiced sales of products to customers.

|                                               |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2023 |
|:----------------------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|
|                                               |     |          US$ |     |          HK$ |     |          HK$ |
| Revenues                                      |     |              |     |              |     |              |
| Sales of goods, recognized at a point in time |     |    6,773,938 |     |   52,836,714 |     |   20,811,124 |

F-11

BILLION GROUP HOLDINGS LIMITED
NOTES TO THE COMBINED FINANCIAL STATEMENTS 2. REVENUES(cont.) All revenue is derived in Hong Kong. A concentration analysis of the revenue is as follows:

|            |     |   Year Ended 
 December 31, 
         2024 |   |     |   Year Ended 
 December 31, 
         2023 |   |
|:-----------|:----|-------------:|:--|:----|-------------:|:--|
| Customer A |     |           22 | % |     |           36 | % |
| Customer B |     |            0 | % |     |           10 | % |
| Customer C |     |           11 | % |     |            0 | % |
| Customer D |     |           11 | % |     |            0 | % |
| Customer E |     |           18 | % |     |            0 | % |
| Customer F |     |           16 | % |     |            9 | % |

3. OTHER INCOME

|               |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2023 |
|:--------------|:----|-------------:|:----|-------------:|:----|-------------:|
|               |     |          US$ |     |          HK$ |     |          HK$ |