Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 285

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 285
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2024, Sereno secured an instalment bank
loan of HK$5,000,000 (US$641,026) 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 instalments, starting from June 26, 2024, and continuing through May 26, 2034.

Interest related to the bank borrowings was HK$ Nil
and HK$14,857 (US$1,905) for the period ended June 30, 2023, and 2024 respectively.

As of June 30, 2024, the borrowing will be due according
to the following schedule:

|                       |     | As         
 of         
 June       
 30, 2024   |           |
|:----------------------|:----|:-----------|----------:|
|                       |     | HK$        |           |
|                       |     | -Unaudited |           |
| Within 1 Year         |     |            |    38,934 |
| Between 1 to 2 Years  |     |            |   479,997 |
| Between 2 to 3 Years  |     |            |   497,688 |
| Between 3 to 4 Years  |     |            |   515,842 |
| Between 4 to 5 Years  |     |            |   535,222 |
| Between 5 to 6 Years  |     |            |   554,773 |
| Between 6 to 7 Years  |     |            |   575,221 |
| Between 7 to 8 Years  |     |            |   596,348 |
| Between 8 to 9 Years  |     |            |   618,460 |
| Between 9 to 10 Years |     |            |   587,515 |
|                       |     |            | 5,000,000 |

| F-73 |

15. EQUITY

Ordinary shares

The Company was incorporated
in the Cayman Islands on October 8, 2024 as an investment holding company with authorized share capital of US$50,000 divided into 50,000,000
ordinary shares of par value US$0.001 each.