Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 108

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 108
---
For the year ended December 31, 2022, net cash used in investing activities was HK$ 1.3million, which was mainly for the development cost of an information technology service management system paid to the third-party system developer.For the year ended December 31, 2023, net cash used in investing activities was HK$1.0 million (US$0.1 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, 2022, net cash used in financing activities of HK$ 4.6million in relation to net movement in amount due from shareholders.For the year ended December 31, 2023, net cash used in financing activities of HK$6.4 million (US$ 0.8million) consisted of, dividend paid of HK$8.5 million (US$ 1.1million) and net movement in amount due from shareholders of HK$2.1 million (US$0.3million).

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

|                     |     | As of December 31, |            |     |      |            |     |     |           |     |  As of June 30, |            |     |             |           |
|                     |     |               2022 |            |     | 2023 |            |     |     |           |     |            2024 |            |     |             |           |
|                     |     |                HK$ |            |     |  HK$ |            |     | US$ |           |     | HK$ (Unaudited) |            |     | US$         
 (Unaudited) |           |
| Current assets      |     |                    | 34,173,151 |     |      | 39,198,538 |     |     | 5,025,454 |     |                 | 27,578,865 |     |             | 3,535,752 |
| Current liabilities |     |                    | 28,221,707 |     |      | 39,188,664 |     |     | 5,024,188 |     |                 | 16,497,414 |     |             | 2,115,052 |
| Working capital     |     |                    |  5,951,444 |