Company: CHOW
Filing Date: 2025-05-29
Form Type: F-1/A
Source: 0001641172-25-012773
Chunk: 102

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-05-29
Form: F-1/A
Chunk 102
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 year ended December 31, 2023, net cash used in investing activities was HK$1.0 million, which was mainly for the enhancement cost of an information technology service management system paid to a third-party system developer.

For the year ended December 31, 2024, net cash used in investing activities was HK$1.2 million (US$0.2 million), which was mainly for the enhancement cost of an information technology service management system paid to a third-party system developer.

Cash Used in Financing Activities:

For the year ended December 31, 2023, net cash used in financing activities of HK$6.4 million consisted of, dividend paid of HK$8.5 million and net movement in amount due from shareholders of HK$2.1 million.

For the year ended December 31, 2024, net cash used in financing activities of HK$6.1 million (US$ 0.8 million) consisted of dividend paid of HK$8.3 million (US$ 1.1million) and deferred offering costs paid of HK$2.8 million (US$0.4 million), partially offset by proceeds from bank borrowing of HK$5.0 million (US$ 0.6million).

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The following table set forth a summary of our working capital as of the dates indicated:

|             |     |              As 
 of December 31, |             |   |     |      |             |   |     |     |            |   |
|             |     |            2023 |             |   |     | 2024 |             |   |     |     |            |   |
|             |     |             HK$ |             |   |     |  HK$ |             |   |     | US$ |            |   |
| Current     
 assets      |     |                 |  39,198,538 |   |     |      |  44,954,744 |   |     |     |  5,763,428 |   |
| Current     
 liabilities |     |                 | (39,188,664 | ) |     |      | (28,790,057 | ) |     |     | (3,691,032 | ) |
| Working     
 capital     |     |                 |       9,874 |   |     |      |  16,164,687 |   |     |     |  2,072,396 |