Company: CHOW
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001641172-25-026148
Chunk: 213

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-02
Form: F-1/A
Chunk 213
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% guarantee provided by HKMC Insurance Limited. The loan is backed by an unlimited personal guarantee from the Company’s shareholders. The interest of the loan shall be calculated at the prime rate quoted by the bank from time to time minus 2.25% per annum, i.e. 3.625% per annum at the first drawdown date of the loan. The loan is scheduled to be repaid over 120 monthly instalments, starting from June 26, 2024, and continuing through May 26, 2034. The first 12 months shall be of interest payment only and the remaining instalments after the first 12 months shall be equal instalment payments comprising principal and interest payment. The annual interest rate of the loan has been reduced to 3.0% in December 2024.

Interest related to the bank borrowings was HK$ Nil and HK$100,939 (US$12,941) for the years ended December 31, 2023, and 2024 respectively.

As of December 31, 2024, the borrowing will be due according to the following schedule:

|                       |     | As of December 31, 2024 |           |
|:----------------------|:----|:------------------------|----------:|
|                       |     |                         |       HK$ |
| Within 1 Year         |     |                         |   284,404 |
| Between 1 to 2 Years  |     |                         |   500,047 |
| Between 2 to 3 Years  |     |                         |   515,256 |
| Between 3 to 4 Years  |     |                         |   530,907 |
| Between 4 to 5 Years  |     |                         |   547,082 |
| Between 5 to 6 Years  |     |                         |   563,716 |
| Between 6 to 7 Years  |     |                         |   580,862 |
| Between 7 to 8 Years  |     |                         |   598,512 |
| Between 8 to 9 Years  |     |                         |   616,736 |
| Between 9 to 10 Years |     |                         |   262,478 |
|                       |     |                         | 5,000,000 |

15. EQUITY

Ordinary shares

The Company was incorporated in the Cayman Islands on October 8, 2024 as an investment holding