Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 98

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 98
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 |   |
| Maintenance and Support Services    |     |                         |     832,092 |     |   |   0.8 |     |     |   2,144,530 |     |     |    274,940 |     |   |   1.5 |     |   |  157.7 |   |
| IT Professional Services            |     |                         |   1,014,777 |     |   |   0.9 |     |     |   1,247,539 |     |     |    159,917 |     |   |   0.9 |     |   |   22.9 |   |
|                                     |     |                         |   1,846,869 |     |   |   1.7 |     |     |   3,391,889 |     |     |    434,857 |     |   |   2.4 |     |   |   83.7 |   |
| Total revenues                      |     |                         | 107,628,218 |     |   | 100.0 |     |     | 141,372,358 |     |     | 18,124,661 |     |   | 100.0 |     |   |   31.4 |   |

Revenuesincreased by HK$ 33.8million, or 31.4%, to HK$ 141.4million (US$ 18.1million) for the year ended December 31, 2023 compared to HK$ 107.6million for the same period in 2022.

The increase in revenues was mainly attributable to the increase in revenues from managed and support service with AI and AIOps and IT infrastructure solution service, which were included in the revenue categories of “Sale of Hardware with IT Professional Services”, “Sale of Software and IT Application Products with IT Professional Services” and “Sale of Hardware, Software and IT Application Products with IT Professional Services” during the year ended December 31, 2023. Such increase was primarily attributable to a cloud service solution project amounted to HK$25.3 million (US$3.2 million) for a customer.

| 61 |

Cost of revenues

The following table presented the breakdown of our costs of revenues for the years ended December 31, 2022 and 2023:

|                                                                                        |     | Year ended December 31,