Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 218

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 218
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     |      |  69,612 |   |     |                 |  8,924 |   |
| Office furniture and fittings  |     |                    |   7,160 |   |     |      |  22,095 |   |     |                 |  2,833 |   |
|                                |     |                    |  49,416 |   |     |      |  91,707 |   |     |                 | 11,757 |   |
| Less: Accumulated depreciation |     |                    | (16,271 | ) |     |      | (39,211 | ) |     |                 | (5,027 | ) |
| Property and equipment, net    |     |                    |  33,145 |   |     |      |  52,496 |   |     |                 |  6,730 |   |

For the years ended December 31, 2022, and 2023, the Company recorded depreciation expenses of HK$12,850 and HK$22,940 (US$2,941), respectively. No impairment loss was recognized for property and equipment for the years ended December 31, 2022, and 2023.

Depreciation policy: Property and equipment are stated at cost, less accumulated depreciation and impairment losses (if any). Depreciation is calculated using the straight-line method over the estimated useful lives of the assets as follows:

| ● | Computer                        
 equipment: 3 years              |
| ● | Office                          
 furniture and fittings: 5 years |

The estimated useful lives of the assets are reviewed periodically to determine whether adjustments are necessary. Depreciation commences once the asset is placed in service and continues until the asset is either fully depreciated or retired.

| F-32 |

Impairment considerations: The Company evaluates its property and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be fully recoverable. The impairment test compares the carrying value of the asset to its estimated future undiscounted cash flows. If the carrying value exceeds the cash flows, an impairment loss is recognized based on the difference between the carrying value and the fair value of the asset. For the years ended December 31, 2022, and 2023, no impairment indicators were identified, and no impairment losses were recognized.

Increase in property and equipment in 2023: The increase in property and equipment during 2023 is primarily related