Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 183

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 183
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 US$ (Note              
 2(e))                                                     |     |                 | 32,500,000 |     |        | - |     |            |      100 |   |     |         |   410,256 |     |         | (346,154   | ) |     |          |     192,420 |   |     |                     |     256,622 |   |

* Retroactively presented for the effect of reorganization for the Company’s initial public offering (Note 1)

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.</div>

| F-4 |

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

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2023</div>

|                                                                                     |     | For the Year Ended December 31, |        2022 |   |     |     |        2023 |   |     |                 |       2023 |   |
|:------------------------------------------------------------------------------------|:----|:--------------------------------|------------:|:--|:----|:----|------------:|:--|:----|:----------------|-----------:|:--|
|                                                                                     |     | HK$                             |             |   |     | HK$ |             |   |     | US$ (Note 2(e)) |            |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                |     |                                 |             |   |     |     |             |   |     |                 |            |   |
| Net income                                                                          |     |                                 |   4,890,720 |   |     |     |  12,105,673 |   |     |                 |  1,552,009 |   |
| Adjustments to reconcile net income to net cash used in operating activities:       |     |                                 |             |   |     |     |             |   |     |                 |            |   |
| Depreciation of property and equipment                                              |     |                                 |      12,850 |   |     |     |      22,940 |   |     |                 |      2,941 |   |
| Amortization of intangible asset                                                    |     |                                 |           - |   |     |     |     378,801 |   |     |                 |