Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 266

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 266
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 credit losses as of December 31, 2023 and June 30, 2024:

|                                                |     |     |                   As 
 of December 31, 2023 |   |     |            | As of June 30, 2024 |   |     |                 |           |   |
|:-----------------------------------------------|:----|:----|---------------------:|:--|:----|:-----------|--------------------:|:--|:----|:----------------|----------:|:--|
|                                                |     | HK$ |                      |   |     | HK$        |                     |   |     | US$ (Note 2(e)) |           |   |
|                                                |     |     |                      |   |     | -Unaudited |                     |   |     | -Unaudited      |           |   |
| Accounts receivable                            |     |     |           16,178,935 |   |     |            |          15,530,512 |   |     |                 | 1,991,091 |   |
| Less: allowance for the expected credit losses |     |     |             (493,720 | ) |     |            |            (723,248 | ) |     |                 |   (92,724 | ) |
| Net accounts receivable                        |     |     |           15,685,215 |   |     |            |          14,807,264 |   |     |                 | 1,898,367 |   |

Movement in the Allowance for Expected Credit Losses

The movement in the allowance for expected credit
losses for the six months ended June 30, 2023 and 2024 is as follows:

|                       |     |     | As of December 31, 2023 |   |     |            | As of June 30, 2024 |     |                 |        |
|:----------------------|:----|:----|------------------------:|:--|:----|:-----------|--------------------:|:----|:----------------|-------:|
|                       |     | HK$ |                         |   |     | HK$        |                     |     | US$ (Note 2(e)) |        |
|                       |     |     |                         |   |     | -Unaudited |                     |     | -Unaudited      |        |
| Beginning balance     |     |     |                 842,