Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 225

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 225
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 |     |                   | 469,246 |   |
| less: imputed interest           |     |                   | (25,823 | ) |
| Total lease liabilities          |     |                   | 443,423 |   |

The Company’s leases do not contain any significant renewal options, escalation clauses or purchase options.

9. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following as of December 31, 2022 and 2023:

|                                |     | As of December 31, |         |   |     |      |         |   |     |                 |        |   |
|                                |     |               2022 |         |   |     | 2023 |         |   |     |                 |        |   |
|                                |     |                HK$ |         |   |     |  HK$ |         |   |     | US$ (Note 2(e)) |        |   |
| Computer equipment             |     |                    |  42,256 |   |     |      |  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