Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 284

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 284
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,000 | ) |     |                 |   (21,154 | ) |
| Tax effect of income not subject to tax        |     |                                   |   (21,351 | ) |     |            |    (1,737 | ) |     |                 |      (223 | ) |
| Tax effect of tax deduction                    |     |                                   |    (3,000 | ) |     |            |         - |   |     |                 |         - |   |
| Total income tax expense                       |     |                                   | 1,055,875 |   |     |            | 1,170,616 |   |     |                 |   150,079 |   |

| F-71 |

Deferred Taxes

Deferred income taxes reflect the net tax effects
of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used
for income tax purposes. The components of the Company’s deferred tax assets and liabilities were as follows:

|                                                                               |     | As                   
 of December 31, 2023 |          |   |     | As of June 30, 2024 |          |   |     |                 |         |   |
|:------------------------------------------------------------------------------|:----|:---------------------|---------:|:--|:----|:--------------------|---------:|:--|:----|:----------------|--------:|:--|
|                                                                               |     | HK$                  |          |   |     | HK$                 |          |   |     | US$ (Note 2(e)) |         |   |
|                                                                               |     |                      |          |   |     | -Unaudited          |          |   |     | -Unaudited      |         |   |
| Deferred tax liabilities, net, beginning balance:                             |     |                      |          |   |     |                     |          |   |     |                 |         |   |
| Accelerated tax depreciation                                                  |     |                      | (214,365 | ) |     |                     | (309,198 | ) |     |                 | (39,641 | ) |
| Allowance for the expected credit losses on accounts receivable               |     |                      |  139,041 |   |     |                     |   81,463 |   |     |                 |  10,444 |   |
| Allowance for the expected credit losses on amount due from related companies |     |                      |      201 |   |