Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 184

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 184
---
 those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/Assentsure PAC

We have served as the Company’s auditor since 2024

Singapore

October 25, 2024

PCAOB ID Number: 6783

| F-1 |

<div align='center'>CHOWCHOW CLOUD INTERNATIONAL HOLDINGS LIMITED

CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2022 AND 2023</div>

|                                                                                                  |     |       |     | As of December 31, |            |     |      |            |   |     |                 |           |   |
|                                                                                                  |     | Notes |     |               2022 |            |     | 2023 |            |   |     |            2023 |           |   |
|                                                                                                  |     |       |     |                HK$ |            |     |  HK$ |            |   |     | US$ (Note 2(e)) |           |   |
| ASSETS                                                                                           |     |       |     |                    |            |     |      |            |   |     |                 |           |   |
| Current assets:                                                                                  |     |       |     |                    |            |     |      |            |   |     |                 |           |   |
| Cash and cash equivalents                                                                        |     |       |     |                    |  9,011,947 |     |      |  9,873,451 |   |     |                 | 1,265,827 |   |
| Accounts receivable, net                                                                         |     |     4 |     |                    | 22,371,289 |     |      | 15,685,215 |   |     |                 | 2,010,925 |   |
| Unbilled receivables (Contract assets)                                                           |     |     5 |     |                    |    537,450 |     |      |  1,964,662 |   |     |                 |   251,880 |   |
| Prepayment and other current assets, net                                                         |     |     6 |     |                    |    148