Company: CHOW
Filing Date: 2025-09-16
Form Type: 424B4
Source: 0001493152-25-013607
Chunk: 92

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-16
Form: 424B4
Chunk 92
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 |                    | 141,372,358 |     |   | 100.0 |     |     | 181,830,126 |     |     | 23,311,554 |     |   | 100.0 |     |   |   28.6 |   |

Revenues increased by HK$ 40.5million, or 28.6%, to HK$ 181.8million (US$ 23.3million) for the year ended December 31, 2024 compared to HK$ 141.4million for the same period in 2023.

The increase in revenues was mainly attributable to the cloud service solution projects amounted to HK$29.9 million for a new customer located in Singapore during the year ended December 31, 2024.

| 59 |

Cost of revenues

The following table presented the breakdown of our costs of revenues for the years ended December 31, 2023 and 2024:

|                                                                                      |     | Year               
 ended December 31, 
 2023               |             |     |   |       |     | 2024 |             |     |     |            |     |   |      |     | Change |       |   |
|:-------------------------------------------------------------------------------------|:----|:-------------------|------------:|:----|:--|------:|:----|:-----|------------:|:----|:----|-----------:|:----|:--|-----:|:----|:-------|------:|:--|
|                                                                                      |     | HK$                |             |     | % |       |     | HK$  |             |     | US$ |            |     | % |      |     | %      |       |   |
| Cost                                                                                 
 of Products:                                                                         |     |                    |             |     |   |       |     |      |             |     |     |            |     |   |      |     |        |       |   |
| Contracts                                                                            
 with Multiple Promises*:                                                             |     |                    |             |     |   |       |     |      |             |     |     |            |     |   |      |     |        |       |   |
| -                                                                                    
 Sale of Hardware with IT Professional Services                                       |     |                    |  52,158,964 |     |   |  43.0 |     |      |  65,259,321 |     |