Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 225

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 225
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 events (events that provide evidence about conditions that arose after the balance sheet date) required adjustment or disclosure in the consolidated financial statements.

Based on this evaluation, the Company determined that there were no subsequent events other than the event detailed below:

On May 27, 2024, Sereno secured an installment bank loan of HK$5,000,000 under the SME Financing Guarantee Scheme with a 100% guarantee provided by HKMC Insurance Limited. The loan is backed by an unlimited personal guarantee from the Company’s shareholders. The loan carries an annual interest rate of 3.625% and is scheduled to be repaid over 120 monthly installments, starting from June 26, 2024, and continuing through May 26, 2034.

| F-39 |

<div align='center'>CHOWCHOW CLOUD INTERNATIONAL HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</div>

|                                                                                                                                                         |     | Notes |    |     | As of             
 December 31, 2023 |            |   |     | June 30, 2024 |            |   |     | June 30, 2024   |           |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------|---:|:----|:------------------|-----------:|:--|:----|:--------------|-----------:|:--|:----|:----------------|----------:|:--|
|                                                                                                                                                         |     |       |    |     | HK$               |            |   |     | HK$           |            |   |     | US$ (Note 2(e)) |           |   |
| ASSETS                                                                                                                                                  |     |       |    |     |                   |            |   |     |               |            |   |     |                 |           |   |
| Current assets:                                                                                                                                         |     |       |    |     |                   |            |   |     |               |            |   |     |                 |           |   |
| Cash and cash equivalents                                                                                                                               |     |       |    |     |                   |  9,873,451 |   |     |               | 11,409,950 |   |     |                 | 1,462,814 |   |
| Accounts receivable, net                                                                                                                                |     |       |  4 |     |                   | 15,685,215 |   |     |               | 14,807,264 |