Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 273

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 273
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 |              69,612 |   |     |                 |  8,924 |   |
| Office furniture and fittings  |     |     |               22,095 |   |     |            |              22,095 |   |     |                 |  2,833 |   |
|                                |     |     |               91,707 |   |     |            |              91,707 |   |     |                 | 11,757 |   |
| Less: Accumulated depreciation |     |     |              (39,211 | ) |     |            |             (53,022 | ) |     |                 | (6,797 | ) |
| Property and equipment, net    |     |     |               52,496 |   |     |            |              38,685 |   |     |                 |  4,960 |   |

For the six months ended June 30, 2023, and 2024,
the Company recorded depreciation expenses of HK$9,451 and HK$13,811 (US$1,771), respectively. No impairment loss was recognized for
property and equipment for the six months ended June 30, 2023, and 2024.

Depreciation policy: Property and equipment are stated
at cost, less accumulated depreciation and impairment losses (if any). Depreciation is calculated using the straight-line method over
the estimated useful lives of the assets as follows:

| ● | Computer equipment: 3 years            |
| ● | Office furniture and fittings: 5 years |

The estimated useful lives of the assets are reviewed
periodically to determine whether adjustments are necessary. Depreciation commences once the asset is placed in service and continues
until the asset is either fully depreciated or retired.

Impairment considerations: The Company evaluates
its property and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of the assets
may not be fully recoverable. The impairment test compares the carrying value of the asset to its estimated future undiscounted cash
flows. If the carrying value exceeds the cash flows, an impairment loss is recognized based on the difference between the carrying value
and the fair value of the asset. For the six months ended June 30, 2023, and 2024, no impairment indicators were identified, and no impairment
losses were recognized.

Decrease in property and equipment in 2024: The decrease
in property