{"url_path":"/sec/bgm/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-07-21","source_url":"https://www.sec.gov/Archives/edgar/data/1779578/0001104659-26-085247-index.html","accession_number":"0001104659-26-085247","cik":"0001779578","ticker":"BGM","issuer_name":"BGM Group Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1779578/0001104659-26-085247-index.html","primary_entity_key":"0001779578","primary_entity_name":"BGM Group Ltd."},"word_count":370,"has_tables":true,"body_markdown":"**ITEM 7.   MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n​\n\nA. Major Shareholders\n\n​\n\nSee “Item 6. Directors, Senior Management and Employees—E. Share Ownership.”\n\n​\n\nB. Related Party Transactions\n\n​\n\nContractual Arrangements between WFOE and Gansu QLS\n\n​\n\nSee “Item 4. Information on the Company—C. Organizational Structure—Contractual Arrangements between WFOE and Gansu QLS.”\n\n​\n\nMaterial Transactions with Related Parties\n\n​\n\nDuring the normal course of business, we may make sales to our affiliated companies controlled by our major shareholders or subsidiaries. For the year ended September 30, 2023, we made sales to our affiliated companies in the amount of US$0. As of September 30, 2023, we had advances from affiliated companies with the amount of US$0. For the year ended and as of September 30, 2024, there was no related party transaction and related party balance outstanding. For the year ended September 30, 2025, Chengdu Qilian Trading Co., Ltd. acquired 25% ownership interest of Caihou Capital (Shenzhen) Group Co., Ltd. (“Caihou”) with a total investment amount of RMB25,000,000 in July 2024, which have been paid in the amount of RMB10,000,000 (US$1,402,584 equivalent) in 2024.\n\n​\n\n133\n\n[Table of Contents](#TOC)\n\nAs of September 30, 2024, the balance of due to related parties consisted of remaining payment RMB15 million (US$2,102,660 equivalent) of 25% ownership interest in Caihou and US$710,932 of construction payment advance by Ahanzhai Development Co., Ltd. (“Ahanzhai”), which is 100% controlled by Mr. Zhanchang Xin, the former chairman of the Ahanzhai’s board of directors. On October 28, 2024, the Company fully paid RMB15 millions of Caihou capital investments and US$710,932 construction payment advance subsequently.\n\nFor the year ended September 30, 2025, Chengdu Qilian Trading Co.,Ltd. acquired 25% ownership interest of Caihou with a total investment amount of RMB25,000,000 in July 2024, which have been paid in the amount of RMB25,000,000 (US$3,505,244 equivalent) in 2025.\n\n​\n\n**Terms of Directors and Officers**\n\n​\n\nSee “Item 6. Directors, Senior Management and Employees—C. Board Practices—Terms of Directors and Officers.”\n\n​\n\nEmployment Agreements and Indemnification Agreements\n\n​\n\nSee “Item 6. Directors, Senior Management and Employees—B. Compensation—Employment Agreements and Indemnification Agreements.”\n\n​\n\n**Share Incentive Plan**\n\n​\n\nSee “Item 6. Directors, Senior Management and Employees—B. Compensation—Share Incentive Plan.”\n\n​\n\nC. Interests of Experts and Counsel\n\nNot applicable.\n\n​"}