Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 268

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 268
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     - |     |                 |   - |
| Other deposit                            |     |                      |      3,850 |     |                     | 3,850 |     |                 | 494 |
|                                          |     |                      | 11,597,170 |     |                     | 3,850 |     |                 | 494 |

Other non-current assets, net consisted of the following
as of December 31, 2023 and June 30, 2024:

|                               |     | As of December 31, 2023 |         |     | As of June 30, 2024 |         |     |                 |        |
|:------------------------------|:----|:------------------------|--------:|:----|:--------------------|--------:|:----|:----------------|-------:|
|                               |     | HK$                     |         |     | HK$                 |         |     | US$ (Note 2(e)) |        |
|                               |     |                         |         |     | -Unaudited          |         |     | -Unaudited      |        |
| Other non-current assets, net |     |                         |         |     |                     |         |     |                 |        |
| Rental deposits (ii)          |     |                         | 122,412 |     |                     | 122,412 |     |                 | 15,693 |

| i. | Advances to suppliers represent                                                                                                          
 prepayments made by the Company for hardware costs, software and IT application license costs, and service subcontracting fees. These    
 prepayments are made in the normal course of business to secure the timely delivery of products and services necessary for the Company’s 
 operations.                                                                                                                              |

| ● | As of December 31, 2023,                                                                                                                
 the Company’s advances to suppliers of HK$11,593,320 (US$1,486,323) was primarily attributable to prepayments made in connection        
 with large-scale IT infrastructure and software implementation projects scheduled for completion in 2024. These amounts were recognized 
 as cost of revenue during the six months ended June 30, 2024.                                                                           |

| F-64 |

Risk Management of Advances to Suppliers:
The Company monitors the creditworthiness of its suppliers to mitigate the risk of non-performance or delays. Management reviews the
advances to suppliers regularly to assess any potential impairment and has determined that no allowance for credit losses was necessary
as of December 31, 202