Company: CHOW
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001641172-25-025146
Chunk: 102

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-08-22
Form: F-1/A
Chunk 102
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 dividend paid of HK$8.5 million and net movement in amount due from shareholders of HK$2.1 million.

For the year ended December 31, 2024, net cash used in financing activities of HK$6.1 million (US$ 0.8 million) consisted of dividend paid of HK$8.3 million (US$ 1.1million) and deferred offering costs paid of HK$2.8 million (US$0.4 million), partially offset by proceeds from bank borrowing of HK$5.0 million (US$ 0.6million).

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The following table set forth a summary of our working capital as of the dates indicated:

|             |     |              As 
 of December 31, |             |   |     |      |             |   |     |     |            |   |
|             |     |            2023 |             |   |     | 2024 |             |   |     |     |            |   |
|             |     |             HK$ |             |   |     |  HK$ |             |   |     | US$ |            |   |
| Current     
 assets      |     |                 |  39,198,538 |   |     |      |  44,954,744 |   |     |     |  5,763,428 |   |
| Current     
 liabilities |     |                 | (39,188,664 | ) |     |      | (28,790,057 | ) |     |     | (3,691,032 | ) |
| Working     
 capital     |     |                 |       9,874 |   |     |      |  16,164,687 |   |     |     |  2,072,396 |   |

Current assets as of December 31, 2023 was HK$ 39.2million. Out of this balance, we had cash and cash equivalents in an amount of HK$ 9.9million of which approximately HK$ 8.5million was denominated in Hong Kong Dollar and approximately HK$ 1.3million was denominated in US Dollar. The entire cash balance was deposited in financial institutions in Hong Kong Special Administrative Region. The current asset balance also mainly included accounts receivable, net of HK$ 15.7million and advances to suppliers of HK$11.6 million.

Current liabilities as of December 31, 202