Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 215

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 215
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:----|------------------------:|:----|:--|-----:|:--|:----|:----|------------------------:|:----|:--|-----:|
|                                            |     | HK$ |                         |     | % |      |   |     | HK$ |                         |     | % |      |
| Tech Data Distribution (Hong Kong) Limited |     |     |               1,389,138 |     |   |  7.6 | * |     |     |               2,424,442 |     |   | 34.2 |
| Ingram Micro (China) Limited               |     |     |                  21,581 |     |   |  0.1 | * |     |     |                 999,076 |     |   | 14.1 |
| TriTech Distribution Limited               |     |     |              14,242,299 |     |   | 78.2 |   |     |     |               3,219,804 |     |   | 45.5 |

* Represents less than 10%

| F-25 |

4. ACCOUNTS RECEIVABLE, NET

The following table provides a summary of the Company’s accounts receivable and the allowance for expected credit losses as of December 31, 2022 and 2023:

|                                                |     | As of December 31, |            |   |     |      |            |   |     |           |           |   |
|                                                |     |               2022 |            |   |     | 2023 |            |   |     |           |           |   |
|                                                |     |                HK$ |            |   |     |  HK$ |            |   |     | US$ (Note 
 2(e))     |           |   |
| Accounts receivable                            |     |                    | 23,213,963 |   |     |      | 16,178,935 |   |     |           | 2,074,222 |   |
| Less: allowance for the expected credit losses |     |                    |   (842,674 | ) |     |      |   (493,720 | ) |     |           |   (63,297 | ) |
| Net accounts receivable                        |     |                    | 22,371,289 |   |     |      | 15,685,215 |   |     |