Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 271

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 271
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payments are made in the normal course of business to secure the timely delivery of products and services necessary for the Company’s 
 operations.                                                                                                                              |

| ● | As of December 31, 2023,                                                                                                                
 the Company’s advances to suppliers of HK$11,593,320 (US$1,486,323) was primarily attributable to prepayments made in connection        
 with large-scale IT infrastructure and software implementation projects scheduled for completion in 2024. These amounts were recognized 
 as cost of revenue during the six months ended June 30, 2024.                                                                           |

| F-64 |

Risk Management of Advances to Suppliers:
The Company monitors the creditworthiness of its suppliers to mitigate the risk of non-performance or delays. Management reviews the
advances to suppliers regularly to assess any potential impairment and has determined that no allowance for credit losses was necessary
as of December 31, 2023 and June 30, 2024.

| ii. | Rental deposits are deposits                                                                                               
 paid to secure office space leases related to the renewal of a two-year lease agreement in December 2023 for the Company’s 
 headquarters.                                                                                                              |

Impairment Considerations: The Company assesses prepaid
expenses and deposits for potential impairment at each reporting date. As of December 31, 2023 and June 30, 2024, no impairments were
recognized for advances to suppliers, rental deposits, or other deposits.

7. RELATED PARTY TRANSACTIONS

The table below sets forth the major related parties
and their relationships with the Company as of December 31, 2023 and June 30, 2024:

| Names                          
 of the related parties         
 Leading Digital Supply Limited |     | Relationship                                           
 with the Company                                       
 50% owned by Yee Kar Wing; Director until July 2, 2024 |
|:-------------------------------|:----|:-------------------------------------------------------|
| Primex Technology Limited      |     | 50% owned by Yee Kar Wing; Director                    |
| Yee Kar Wing                   |     | Shareholder, Director, and CEO of the Company          |
| Hui Wai Ming                   |     | Shareholder and COO of the Company                     |

(a) Amounts due from / (to) related parties

|                                                     |     |     | As of December 31, 2023 |   |     |            | As of June 30, 2024 |   |     |                 |          |   |
|: