Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 219

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 219
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| Cash paid for amounts included in the measurement of lease liabilities: |     |                         |         |     |     |         |     |           |        |
| Operating cashflows used in operating lease                             |     |                         | 226,336 |     |     | 235,604 |     |           | 30,206 |
| Right-of-use assets obtained in exchange for new operating lease        |     |                         |       - |     |     | 461,624 |     |           | 59,183 |
| Operating lease expense(i)                                              |     |                         | 243,158 |     |     | 243,006 |     |           | 31,155 |

| (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 years ended December 31, 2022, and 2023,  
 was HK$180,000 (US$23,077), respectively, which was charged to general and administrative expenses.                                   |

| F-31 |

Maturity of Lease Liabilities

The following table summarizes the maturity analysis of the Company’s undiscounted cash flows for operating leases as of December 31, 2023:

|                                  |     | As of             
 December 31, 2023 |         |   |
|:---------------------------------|:----|:------------------|--------:|:--|
|                                  |     | HK$               |         |   |
| FY2024                           |     |                   | 244,824 |   |
| FY2025                           |     |                   | 224,422 |   |
| Total undiscounted lease payment |     |                   | 469,246 |   |
| less: imputed interest           |     |                   | (25,823 | ) |
| Total lease liabilities          |     |                   | 443,423 |   |

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

9. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following as of December 31, 2022 and 2023:

|                                |     | As of December 31, |         |   |     |      |         |   |     |                 |        |   |
|                                |     |               2022