Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 235

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 235
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 installment bank loan of HK$5,000,000 under the SME Financing Guarantee Scheme with a 100% guarantee provided by HKMC Insurance Limited. The loan is backed by an unlimited personal guarantee from the Company’s shareholders. The loan carries an annual interest rate of 3.625% and is scheduled to be repaid over 120 monthly installments, starting from June 26, 2024, and continuing through May 26, 2034.

| F-39 |

<div align='center'>CHOWCHOW CLOUD INTERNATIONAL HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</div>

|                                                                                                                                                         |     | Notes |    |     | As of             
 December 31, 2023 |            |   |     | June 30, 2024 |            |   |     | June 30, 2024   |           |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------|---:|:----|:------------------|-----------:|:--|:----|:--------------|-----------:|:--|:----|:----------------|----------:|:--|
|                                                                                                                                                         |     |       |    |     | HK$               |            |   |     | HK$           |            |   |     | US$ (Note 2(e)) |           |   |
| ASSETS                                                                                                                                                  |     |       |    |     |                   |            |   |     |               |            |   |     |                 |           |   |
| Current assets:                                                                                                                                         |     |       |    |     |                   |            |   |     |               |            |   |     |                 |           |   |
| Cash and cash equivalents                                                                                                                               |     |       |    |     |                   |  9,873,451 |   |     |               | 11,409,950 |   |     |                 | 1,462,814 |   |
| Accounts receivable, net                                                                                                                                |     |       |  4 |     |                   | 15,685,215 |   |     |               | 14,807,264 |   |     |                 | 1,898,367 |   |
| Unbilled receivables (Contract assets)                                                                                                                  |     |       |  5 |     |                   |  1,964,662 |   |     |               |  1,259