Company: CHOW
Filing Date: 2025-09-16
Form Type: 424B4
Source: 0001493152-25-013607
Chunk: 96

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-16
Form: 424B4
Chunk 96
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   |     |   |   7.3 |   |     |     |   476,791 |     |     |    61,126 |     |   |   5.6 |     |   |   30.4 |   |
| Total                                                                          |     |                    | 4,989,693 |   |     |   | 100.0 |   |     |     | 8,527,081 |     |     | 1,093,215 |     |   | 100.0 |     |   |   70.9 |   |

General and administrative expenses increased by HK$ 3.5million or 70.9% from HK$5.0 million for the year ended December 31, 2023 to HK$ 8.5million (US$ 1.1million) for the year ended December 31, 2024 mainly driven by (i) salaries, bonuses and employee benefits increased by HK$2.2 million (US$0.3 million) due to both headcount growth and higher average monthly compensation; (ii) an additional HK$0.3 million (US$0.04 million) in intangible asset amortization related to upgrades to the information technology service management system, and (iii) a net increase of HK$0.9 million (US$0.1 million) in allowances for the current credit losses on accounts receivable.

Interest income

Interest income represented the interest income derived from bank saving deposits. For the years ended December 31, 2023 and 2024, we recorded interest income of HK$13,838 and HK$47,591 (US$6,101), respectively.

Interest expense

Interest expense represented the interest on an instalment bank loan of HK$5 million (US$0.6 million) under the SME Financing Guarantee Scheme with a 100% guarantee provided by HKMC Insurance Limited secured during the year ended December 31, 2024. For the years ended December, 2023 and 2024, we recorded interest expense of nil and HK$100,939 (US$12,941), respectively.

Other income

Our other income was comprised of the following items during the years indicated:

|            |     | Year               
 ended December 31, 
 2023               |         |     |   |       |     | 2024 |         |     |     |        |     |   |