Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 110

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 110
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 million) to the shareholders.

Current assets as of June 30, 2024 was HK$ 27.6million (US$3.5 million). Out of this balance, we had cash and cash equivalents in an amount of HK$ 11.4million (US$ 1.5million) of which approximately HK$ 7.7million was denominated in Hong Kong Dollar and approximately HK$ 3.7million was denominated in US Dollar. The entire cash balance was deposited in financial institutions in Hong Kong Special Administrative Region. The current asset balance also mainly included accounts receivable, net of HK$ 14.8million (US$ 1.9million).

Current liabilities as of June 30, 2024 was HK$ 16.5million (US$ 2.1million). This amount was mainly composed of accounts payable of HK$ 3.5million (US$ 0.4million), amount due to related parties – non trade of HK$3.5 million (US$0.5 million), tax payable of HK$3.8 million (US$0.5 million) and deferred revenue (contract liabilities) of HK$4.3 million (US$0.5 million). The HK$3.5 million amount due to related parties – non-trade mainly represented mainly represented the dividend payable of HK$3.5 million (US$0.5 million) to the shareholders.

| 65 |

We will have sufficient working capital to meet our present requirements and for the next 12 months from the date of this prospectus.

Contractual Obligations

The following table summarized our contractual obligations as of June 30, 2024:

|                               |     | Payments Due by Period |         |     |        |         |     |        |   |     |        |   |     |       |         |
|                               |     | Less Than              
 1 Year                 |         |     | 1 to 3 
 Years  |         |     | 3 to 5 
 Years  |   |     | More   
 Than 5 
 Years  |   |     | Total |         |
|                               |     | HK$                    |         |     | HK$    |         |     | HK$    |   |     | HK$    |   |     | HK$   |         |
| Contractual Obligations:      |     |                        |         |     |        |         |