Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 278

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 278
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 June 30, 2024 |   |     |                 |        |   |
|:-------------------------------|:----|:----|---------------------:|:--|:----|:-----------|--------------------:|:--|:----|:----------------|-------:|:--|
|                                |     | HK$ |                      |   |     | HK$        |                     |   |     | US$ (Note 2(e)) |        |   |
|                                |     |     |                      |   |     | -Unaudited |                     |   |     | -Unaudited      |        |   |
| Computer equipment             |     |     |               69,612 |   |     |            |              69,612 |   |     |                 |  8,924 |   |
| Office furniture and fittings  |     |     |               22,095 |   |     |            |              22,095 |   |     |                 |  2,833 |   |
|                                |     |     |               91,707 |   |     |            |              91,707 |   |     |                 | 11,757 |   |
| Less: Accumulated depreciation |     |     |              (39,211 | ) |     |            |             (53,022 | ) |     |                 | (6,797 | ) |
| Property and equipment, net    |     |     |               52,496 |   |     |            |              38,685 |   |     |                 |  4,960 |   |

For the six months ended June 30, 2023, and 2024,
the Company recorded depreciation expenses of HK$9,451 and HK$13,811 (US$1,771), respectively. No impairment loss was recognized for
property and equipment for the six months ended June 30, 2023, and 2024.

Depreciation policy: Property and equipment are stated
at cost, less accumulated depreciation and impairment losses (if any). Depreciation is calculated using the straight-line method over
the estimated useful lives of the assets as follows:

| ● | Computer equipment: 3 years            |
| ● | Office furniture and fittings: 5 years |

The estimated useful lives of the assets are reviewed
periodically to determine whether adjustments are necessary. Depreciation commences once the asset is placed in service and