Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 101

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 101
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 spaces, and other administrative expenses.

| 62 |

Our major general and administrative expenses were comprised of the following items during the years indicated:

|                                                          |     | Year ended December 31, |      2022 |     |   |       |     |     |      2023 |   |     |     |         |   |     |   |       |   |     |   | Change |   |
|:---------------------------------------------------------|:----|:------------------------|----------:|:----|:--|------:|:----|:----|----------:|:--|:----|:----|--------:|:--|:----|:--|------:|:--|:----|:--|-------:|:--|
|                                                          |     | HK$                     |           |     | % |       |     | HK$ |           |   |     | US$ |         |   |     | % |       |   |     | % |        |   |
| Salaries, bonuses, and benefits for employees            |     |                         | 2,926,105 |     |   |  60.0 |     |     | 3,513,248 |   |     |     | 450,417 |   |     |   |  70.4 |   |     |   |   20.1 |   |
| Amortization of intangible asset                         |     |                         |         - |     |   |     - |     |     |   378,802 |   |     |     |  48,564 |   |     |   |   7.6 |   |     |   |    100 |   |
| Depreciation of property and equipment                   |     |                         |    12,850 |     |   |   0.3 |     |     |    22,940 |   |     |     |   2,941 |   |     |   |   0.4 |   |     |   |   78.5 |   |
| Short-term rental expenses                               |     |                         |   423,006 |     |   |   8.7 |     |     |   423,158 |   |     |     |  54,251 |   |     |   |   8.5 |   |     |   |    0.0 |