Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 105

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 105
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 |    38,103 |     |     |   4,885 |     |   |   3.7 |     |   |   (88.5 | ) |
| Total                                         |     |                         | 365,540 |     |   | 100.0 |     |     | 1,024,598 |     |     | 131,359 |     |   | 100.0 |     |   |   180.3 |   |

Selling and marketing expenses increased by HK$0.6 million or 180.3% from HK$0.4 million for the year ended December 31, 2022 to HK$1.0 million (US$0.1 million) for the year ended December 31, 2023 mainly driven by increase in marketing service fee paid to the third party by HK$ 0.9million (US$ 0.12million) as we would like to expand our customer base and revenue, not only in Hong Kong, but also in other Asia Pacific areas, by putting more resource to the marketing activities.

General and administrative expenses

General and administrative expenses primarily consist of salaries, bonuses, and benefits for employees involved in general corporate functions, such as finance, human resources, legal, and executive management. These expenses also include depreciation and amortization related to assets used in corporate activities, legal and professional service fees, entertainment expenses, short-term rental expenses for office spaces, and other administrative expenses.

| 62 |

Our major general and administrative expenses were comprised of the following items during the years indicated:

|                                                          |     | Year ended December 31, |      2022 |     |   |       |     |     |      2023 |   |     |     |         |   |     |   |       |   |     |   | Change |   |
|:---------------------------------------------------------|:----|:------------------------|----------:|:----|:--|------:|:----|:----|----------:|:--|:----|:----|--------:|:--|:----|:--|------:|:--|:----|:--|-------:|:--|
|                                                          |     | HK$                     |           |     | % |       |     | HK$ |           |   |     | US$ |         |   |     | % |       |   |     | % |        |   |
| Salaries