Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 98

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 98
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 Services”, “Sale of Software and IT Application Products with IT Professional Services” and “Sale of Hardware, Software and IT Application Products with IT Professional Services” during the year ended December 31, 2023. Such increase was primarily attributable to a cloud service solution project amounted to HK$25.3 million (US$3.2 million) for a customer.

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Cost of revenues

The following table presented the breakdown of our costs of revenues for the years ended December 31, 2022 and 2023:

|                                               |     | Year ended December 31, |       2022 |     |   |       |     |     |        2023 |     |     |            |     |   |       |     |   | Change |   |
|:----------------------------------------------|:----|:------------------------|-----------:|:----|:--|------:|:----|:----|------------:|:----|:----|-----------:|:----|:--|------:|:----|:--|-------:|:--|
|                                               |     | HK$                     |            |     | % |       |     | HK$ |             |     | US$ |            |     | % |       |     | % |        |   |
| Cost of Products:                             |     |                         |            |     |   |       |     |     |             |     |     |            |     |   |       |     |   |        |   |
| - Hardware                                    |     |                         | 48,045,629 |     |   |  49.4 |     |     |  56,230,538 |     |     |  7,209,043 |     |   |  46.3 |     |   |   17.0 |   |
| - Software license and IT application license |     |                         | 34,769,072 |     |   |  35.8 |     |     |  54,817,278 |     |     |  7,027,856 |     |   |  45.1 |     |   |   57.7 |   |
|                                               |     |                         | 82,814,701 |     |   |  85.2 |     |     | 111,047,816 |     |     | 14,236,899 |     |   |