Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 95

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 95
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 to the information technology service management system; and (iii) the increase in expected credit loss on trade receivables. Such increases were partially offset by the decrease in entertainment expenses.

Interest income

Interest income represented the interest income derived from bank saving deposits. For the six months ended June 30, 2023 and 2024, we recorded interest income of HK$4,847 and HK$10,529 (US$1,350), respectively.

Interest expense

Interest expense represented the interest on an instalment bank loan of HK$5 million (US$0.64 million) under the SME Financing Guarantee Scheme with a 100% guarantee provided by HKMC Insurance Limited secured during the six months ended June 30, 2024. For the six months ended June 30, 2023 and 2024, we recorded interest expense of nil and HK$14,857 (US$1,905), 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 periods indicated:

|            |     |                   Six 
 months ended June 30, |         |     |   |       |     |             |        |     |             |        |     |   |       |     |        |        |   |
|            |     |                  2023 |         |     |   |       |     |        2024 |        |     |             |        |     |   |       |     | Change |        |   |
|            |     |                   HK$ 
           (Unaudited) |         |     | % |       |     |         HK$ 
 (Unaudited) |        |     | US$         
 (Unaudited) |        |     | % |       |     | %      |        |   |
| Government 
 subsidies  |     |                       | 124,556 |     |   |  60.2 |     |             |      - |     |             |      - |     |   |     - |     |        | (100.0 | ) |
| Exchange   
 gain, net  |     |                       |   6,338 |     |   |   3.1 |     |             |  2,943 |     |             |    377 |     |   |   3.3 |     |        |  (53