Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 263

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 263
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     |                                   | 117,378 |     |            | 111,039 |     |                 | 14,236 |
| Operating lease expense(i)                                              |     |                                   | 121,503 |     |            | 122,412 |     |                 | 15,694 |

| (i) | The Company also has another                                                                                                            
 short-term lease arrangement without a formal contract or specific end date. This lease commenced in January 2022 and carries a monthly 
 expense of HK$15,000. The total short-term lease expense for the six months ended 30 June, 2023, and 2024, was HK$90,000 and HK$90,000  
 (US$11,538), respectively, which was charged to general and administrative expenses.                                                    |

Maturity of Lease Liabilities

The following table summarizes the maturity analysis
of the Company’s undiscounted cash flows for operating leases as of June 30, 2024:

|                                  |     | As of         
 June 30, 2024 |         |   |
|:---------------------------------|:----|:--------------|--------:|:--|
|                                  |     | HK$           |         |   |
|                                  |     | -Unaudited    |         |   |
| Within 1 year                    |     |               | 244,824 |   |
| 1 to 2 years                     |     |               | 102,010 |   |
| Total undiscounted lease payment |     |               | 346,834 |   |
| less: imputed interest           |     |               | (14,450 | ) |
| Total lease liabilities          |     |               | 332,384 |   |

The Company’s leases do not contain any significant
renewal options, escalation clauses or purchase options.

| F-66 |

9. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following
as of December 31, 2023 and June 30, 2024:

|                                |     |     |                   As 
 of December 31, 2023 |   |     |            | As of June 30, 2024 |   |     |                 |        |   |
|:-------------------------------|:----|:----|---------------------:|:--|:----|:-----------|--------------------:|:--|:----|:----------------|-------:|:--|
|