Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 218

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 218
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-29 |

(b) Related party transactions

|                                                    |     | For the year ended December 31, |    2022 |     |     |      2023 |     |           |         |
|:---------------------------------------------------|:----|:--------------------------------|--------:|:----|:----|----------:|:----|:----------|--------:|
|                                                    |     | HK$                             |         |     | HK$ |           |     | US$ (Note 
 2(e))     |         |
| Purchase from GMS Enterprise (Hong Kong) Limited   |     |                                 |   9,292 |     |     |    21,551 |     |           |   2,763 |
| Service rendered to Leading Digital Supply Limited |     |                                 | 885,200 |     |     |   540,200 |     |           |  69,256 |
| Service rendered to Primex Technology Limited      |     |                                 |  21,924 |     |     |    54,000 |     |           |   6,923 |
| Dividend paid to Yee                               
 Kar Wing(ii)                                       |     |                                 |       - |     |     | 6,097,976 |     |           | 781,792 |
| Dividend paid to Hui                               
 Wai Ming(ii)                                       |     |                                 |       - |     |     | 2,392,580 |     |           | 306,741 |

Terms of Transactions with Related Parties

The transactions with related parties are conducted on terms that, in management’s opinion, approximate arm’s length transactions. The pricing for services provided and goods sold to related parties is based on market rates for similar transactions with third parties. However, due to the nature of related party relationships, these transactions may not be at the same terms that would be available in an open market.

| (i)   | The                                                                                                                                 
 amounts due from Leading Digital Supply Limited and Primex Technology Limited represent receivables for IT infrastructure solutions 
 and managed support services provided by the Company. These balances are subject to credit risk, and allowances for expected credit 
 losses of HK$1,217 and HK$6,467 (US$829) were recognized for the years ended December 31, 2022, and 2023, respectively.             |
| (ii)  | The                                                                                                                                 
 amounts due from Yee Kar Wing and Hui Wai Ming are unsecured