Company: CHOW
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001641172-25-025146
Chunk: 103

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-08-22
Form: F-1/A
Chunk 103
---
3 was HK$ 39.2million. This amount was mainly composed of accounts payable of HK$ 7.1million, amount due to related parties – non trade of HK$9.0 million and deferred revenue (contract liabilities) of HK$18.6 million. The HK$9.0 million amount due to related parties – non-trade mainly represented the dividend payable of HK$9.0 million to the shareholders.

Current assets as of December 31, 2024 was HK$ 45.0million (US$5.8 million). Out of this balance, we had cash and cash equivalents in an amount of HK$ 10.5million (US$ 1.3million) of which approximately HK$ 7.5million was denominated in Hong Kong Dollar and approximately HK$ 3.0million was denominated in US Dollar. The entire cash balance was deposited in financial institutions in Hong Kong Special Administrative Region. The current asset balance also mainly included accounts receivable, net of HK$ 17.7million (US$ 2.3million), prepayment and other current assets, net of HK$11.3 million (US$1.4 million) and deferred offering costs of HK$2.8 million (US$0.4 million).

Current liabilities as of December 31, 2024 was HK$ 28.8million (US$ 3.7million). This amount was mainly composed of accounts payable of HK$ 4.5million (US$ 0.6million), amount due to related parties – non trade of HK$0.7 million (US$0.1 million), tax payable of HK$4.8 million (US$0.6 million) and deferred revenue (contract liabilities) of HK$17.4 million (US$2.2 million). The HK$0.7 million amount due to related parties – non-trade mainly represented the dividend payable of HK$0.7 million (US$0.1 million) to the shareholders.

| 63 |

We will have sufficient working capital to meet our present requirements and for the next 12 months from the date of this prospectus.

Contractual Obligations

The following table summarized our contractual obligations as of December 31, 2024:

|                         |     | Payments      
 Due by Period |         |     |            |           |     |            |           |     |           |           |     |       |           |
|