Company: CHOW
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001641172-25-025146
Chunk: 100

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-08-22
Form: F-1/A
Chunk 100
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US$ 1.5million) for the year ended December 31, 2024, representing a slightly decrease of HK$ 0.2million or 1.9% from a net income of HK$12.1 million for the year ended December 31, 2023.

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Liquidity and Capital Resources

We financed our daily operations and business development through cash generated from the operations of SCS. As of December 31, 2023 and 2024, our cash and cash equivalents balance were HK$ 9.9million and HK$ 10.5million (US$ 1.3million), respectively.

The following table set forth a summary of our cash flows for the years indicated:

|                                       |     | Year               
 ended December 31, |       2023 |   |     |     |       2024 |   |     |     |      2024 |   |
|:--------------------------------------|:----|:-------------------|-----------:|:--|:----|:----|-----------:|:--|:----|:----|----------:|:--|
|                                       |     | HK$                |            |   |     | HK$ |            |   |     | US$ |           |   |
| Net                                   
 cash provided by operating activities |     |                    |  8,249,163 |   |     |     |  7,934,436 |   |     |     | 1,017,235 |   |
| Net                                   
 cash used in investing activities     |     |                    |   (980,807 | ) |     |     | (1,213,177 | ) |     |     |  (153,536 | ) |
| Net                                   
 cash used in financing activities     |     |                    | (6,406,852 | ) |     |     | (6,072,678 | ) |     |     |  (778,548 | ) |

Cash Flow Activities for the Years Ended December 31, 2023 and 2024

Cash Provided by Operating Activities:

For the year ended December 31, 2023, net cash provided by operating activities was HK$ 8.2million, primarily resulted from the net income of HK$ 12.1million as adjusted for non-cash items and changes in operating assets and liabilities. Adjustments for non-cash items primarily consisted of (i) amortization