Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 106

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 106
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46,547 |   |     |   |   7.3 |   |     |   |  100.4 |   |
| Repair and maintenance expenses                          |     |                         |         - |     |   |     - |     |     |    88,800 |   |     |     |  11,385 |   |     |   |   1.8 |   |     |   |    100 |   |
| Others                                                   |     |                         |   329,585 |     |   |   6.7 |     |     |   365,577 |   |     |     |  46,869 |   |     |   |   7.3 |   |     |   |   10.9 |   |
| Total                                                    |     |                         | 4,876,608 |     |   | 100.0 |     |     | 4,989,693 |   |     |     | 639,704 |   |     |   | 100.0 |   |     |   |    2.3 |   |

General
and administrative expenses increased by HK$0.1 million or 2.3%
from HK$4.9 million for the year ended December 31, 2022 to HK$5.0 million
(US$0.6 million) for the year ended December 31, 2023 mainly driven by (i) the
increase in salaries, bonuses, and benefits for employees as a result of the increase in number of headcount and also the average monthly
salary; (ii) the increase in amortization of intangible asset attributable to the information technology service management system has
been commenced to use since January 2023, and (iii) the increase in entertainment expenses, repair and maintenance expenses and other
operating expenses. Such increases were partially offset by the reversal of current expected credit loss on trade receivables.

Interest income

Interest income represented the interest income derived from bank saving deposits. For the years ended December 31, 2022 and 2023, we recorded interest income of HK$ 2,600 and HK$13,838 (US$1,774),respectively.

Other income

Other income was primarily comprised of subsidies granted by the Hong Kong government, net exchange gain and other sundry income.

Our other income was comprised of the following items during the years indicated:

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