Company: CHOW
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001641172-25-025146
Chunk: 208

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-08-22
Form: F-1/A
Chunk 208
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 calculated on a straight-line basis over the asset’s useful life of 5 years.

| F-33 |

Impairment Considerations: The Company reviews its intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. The impairment test compares the carrying amount to the undiscounted future cash flows expected to result from the use of the asset. If the carrying amount exceeds the undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and the fair value of the asset. For the years ended December 31, 2023, and 2024, no impairment indicators were identified, and no impairment losses were recognized.

11. ACCOUNTS PAYABLE

The following table presents the balances of accounts payable as of December 31, 2023 and 2024:

|          |     |              As 
 of December 31, |           |     |      |           |     |             |         |
|          |     |            2023 |           |     | 2024 |           |     |             |         |
|          |     |             HK$ |           |     |  HK$ |           |     | US$         
 (Note 2(e)) |         |
| Accounts 
 payable  |     |                 | 7,079,837 |     |      | 4,546,960 |     |             | 582,944 |

Accounts payable represent amounts due to suppliers for subcontracting fees, hardware costs, software license costs, and IT application license costs.

Payment Terms

The Company’s accounts payable are current liabilities, typically due within 30 to 90 days of the invoice date, depending on the terms negotiated with each supplier. The Company’s payment practices aim to align with standard industry terms and cash flow management practices.

Liquidity and Risk Management

The Company regularly assesses its liquidity needs and monitors its ability to meet short-term obligations. As of December 31, 2024, the Company has sufficient cash and cash equivalents to settle its current liabilities, including accounts payable, as they become due.

The Company does not anticipate any liquidity constraints in settling remaining payables and maintains adequate working capital reserves to ensure the timely settlement of all liabilities.

12. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following table presents the balances of accrued expenses and other current liabilities as of December 31, 2023, and December 31, 2024:

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