Company: CHOW
Filing Date: 2025-09-16
Form Type: 424B4
Source: 0001493152-25-013607
Chunk: 208

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-16
Form: 424B4
Chunk 208
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 and any accumulated impairment losses. The asset is amortized on a straight-line basis over its estimated useful life of 5 years, reflecting the period over which the Company expects to derive economic benefits from the asset.

As of December 31, 2023 and 2024, the balances of the intangible asset are as follows:

|                                      |     |              As 
 of December 31, |           |   |     |      |            |   |     |             |          |   |
|                                      |     |            2023 |           |   |     | 2024 |            |   |     |             |          |   |
|                                      |     |             HK$ |           |   |     |  HK$ |            |   |     | US$         
 (Note 2(e)) |          |   |
| Information                          
 technology service management system |     |                 | 2,206,846 |   |     |      |  3,404,743 |   |     |             |  436,506 |   |
|                                      |     |                 | 2,206,846 |   |     |      |  3,404,743 |   |     |             |  436,506 |   |
| Less:                                
 accumulated amortization             |     |                 |  (378,801 | ) |     |      | (1,060,316 | ) |     |             | (135,939 | ) |
| Intangible                           
 asset, net                           |     |                 | 1,828,045 |   |     |      |  2,344,427 |   |     |             |  300,567 |   |

The increase in the intangible asset during 2024 represents additional development costs incurred to enhance and expand the system’s functionality, reflecting the Company’s ongoing investment in its proprietary software platform.

Amortization: Amortization of the intangible asset began in 2023 when the asset was ready for its intended use. The timing of amortization reflects the asset’s readiness for economic use, regardless of its actual deployment or operational use. Amortization expenses for the years ended December 31, 2023, and 2024, were HK$378,801 and HK$681,515 (US$87,374), respectively. Amortization is calculated on a straight-line basis over the asset’s useful life of 5 years.

| F-33 |

Impairment