# EDGAR Filing Document

**Accession Number:** 0002069821
**File Stem:** 0000000000-25-010183
**Filing Date:** 2025-9
**Character Count:** 5103
**Document Hash:** 90587c738fb369bc3049b8dfeac1c53e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-010183.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0000000000-25-010183

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250918

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BILLION GROUP HOLDINGS Ltd
- **CENTRAL INDEX KEY:** 0002069821
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOOD & KINDRED PRODUCTS [2000]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-08064

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 89 NEXUS WAY
- **CITY:** CAMANA BAY
- **PROVINCE COUNTRY:** E9
- **ZIP:** KY1-9009
- **BUSINESS PHONE:** 852 98431101

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 89 NEXUS WAY
- **CITY:** CAMANA BAY
- **PROVINCE COUNTRY:** E9
- **ZIP:** KY1-9009
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-25-049553

## Text-Extract

```

                                                            September 18, 2025

Chan Bun
Chief Executive Officer
Billion Group Holdings Limited
Unit 502, 20-20A
Chung Ying Building
Connaught Road West
Sheung Wan, Hong Kong

       Re: Billion Group Holdings Limited
           Amendment No. 2 to Registration Statement on Form F-1
           Filed September 12, 2025
           File No. 333-289934
Dear Chan Bun:

     We have reviewed your amended registration statement and have the
following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our September
11,
2025 letter.

Amendment No. 2 to Registration Statement on Form F-1 filed September 12, 2025
Cover Page

1.     We note the disclosure on the cover page that you intend to list your
ordinary shares
       on the Nasdaq Capital Market and the disclosure on page F-3 that your
total
       shareholders' equity was approximately $946,623 as of December 31,
       2024. Therefore, it does not appear that you meet the initial listing
standards under
       Nasdaq Rule 5505(b)(1)(A) that requires companies listing on the Nasdaq
Capital
       Market to have shareholders' equity of at least $5 million. We also note
that pursuant
       to Rule 5505(b)(1)(B), the market value of unrestricted publicly held
shares must be at
 September 18, 2025
Page 2

       least $15 million and in connection with an initial public offering must
be satisfied
       from the offering proceeds. As such, it appears that your market value
of unrestricted
       publicly held shares after completion of the IPO will be below the
threshold specified
       in Rule 5505(b). Please tell us how you plan to satisfy the requirements
enumerated
       above under Nasdaq Listing Rule 5505(b).
Lock-up , page 12

2.     We note your response to prior comment 4. Please expand the disclosure
to clarify
       which shareholders agreed to a period of six months and which
shareholders agreed
       to a period of twelve months. Also, we note that Schedule 4 is missing
from Exhibit
       1.1. Please advise or revise accordingly.
We face risks related to Nasdaq's proposed rule, page 21

3.     We note your response to prior comment 1. Please expand the disclosure
about the
       Nasdaq proposed rule to also discuss the increase in the minimum market
value of
       unrestricted publicly held shares to US$15 million under the net income
standard and
       expediting suspension or delisting if the market value of listed
securities falls below
       US$5 million.
Principal Shareholders, page 84

4.     We note your response to prior comment 5. Please revise page 84 to
clearly indicate
       the beneficial owner and natural person with dispositive voting power
for the
       entities in the table.
Exhibits

5.     Please clarify how you determined the total maximum aggregate offering
price of
       $9,600,000 in the Calculation of Filing Fee Table filed as Exhibit 107.
       Please contact Andi Carpenter at 202-551-3645 or Claire Erlanger at
202-551-3301 if
you have questions regarding comments on the financial statements and related
matters. Please contact Thomas Jones at 202-551-3602 or Jay Ingram at
202-551-3397 with
any other questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Manufacturing
cc:   Kyle Leung

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._