Company: CHOW
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001641172-25-026148
Chunk: 210

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-02
Form: F-1/A
Chunk 210
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| Accounts 
 payable  |     |                 | 7,079,837 |     |      | 4,546,960 |     |             | 582,944 |

Accounts payable represent amounts due to suppliers for subcontracting fees, hardware costs, software license costs, and IT application license costs.

Payment Terms

The Company’s accounts payable are current liabilities, typically due within 30 to 90 days of the invoice date, depending on the terms negotiated with each supplier. The Company’s payment practices aim to align with standard industry terms and cash flow management practices.

Liquidity and Risk Management

The Company regularly assesses its liquidity needs and monitors its ability to meet short-term obligations. As of December 31, 2024, the Company has sufficient cash and cash equivalents to settle its current liabilities, including accounts payable, as they become due.

The Company does not anticipate any liquidity constraints in settling remaining payables and maintains adequate working capital reserves to ensure the timely settlement of all liabilities.

12. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following table presents the balances of accrued expenses and other current liabilities as of December 31, 2023, and December 31, 2024:

|                      |     |              As 
 of December 31, |           |     |      |         |     |             |         |
|                      |     |            2023 |           |     | 2024 |         |     |             |         |
|                      |     |             HK$ |           |     |  HK$ |         |     | US$         
 (Note 2(e)) |         |
| Payroll              
 and welfare payables |     |                 |   272,685 |     |      | 798,023 |     |             | 102,311 |
| Accrued              
 expenses             |     |                 | 1,250,987 |     |      |  40,788 |     |             |   5,229 |
|                      |     |                 | 1,523,672 |     |      | 838,811 |     |             | 107,540 |

| F-34 |

Payroll and Welfare Payables: The payroll and welfare payables represent amounts owed to employees for services rendered and the associated mandatory provident fund (MPF) contributions. Under the Hong Kong MPF Scheme, the Company is required to make contributions based on a percentage of qualified employees’ salaries. The Company recognized employee benefit