Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 270

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 270
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ee Kar                           
 Wing(ii)                                           |     |                                   |       - |     |            | 5,264,530 |     |                 | 674,939 |
| Dividend paid to Hui Wai                           
 Ming(ii)                                           |     |                                   |       - |     |            |   200,000 |     |                 |  25,641 |

| F-65 |

Terms of Transactions with Related Parties

The transactions with related parties are conducted
on terms that, in management’s opinion, approximate arm’s length transactions. The pricing for services provided and goods
sold to related parties is based on market rates for similar transactions with third parties. However, due to the nature of related party
relationships, these transactions may not be at the same terms that would be available in an open market.

| (i)   | The amounts due from Leading                                                                                                            
 Digital Supply Limited and Primex Technology Limited represent receivables for IT infrastructure solutions and managed support services 
 provided by the Company. These balances are subject to credit risk, and allowances for expected credit losses of HK$6,467 and HK$7,043  
 (US$903) were recognized for the year ended December 31, 2023, and six months ended June 30, 2024, respectively.                        |
| (ii)  | The amounts due from Yee                                                                                                                
 Kar Wing and Hui Wai Ming are unsecured, interest-free, and without a fixed repayment term. These amounts reflect advances provided     
 to the shareholders for operational purposes. While no allowance for credit losses was recognized for these balances, management        
 monitors these amounts closely and has assessed them as fully collectible based on the financial capacity and ongoing involvement       
 of the related parties with the Company. Any significant changes in the financial standing of the related parties may result in a       
 reassessment of the credit risk associated with these balances.                                                                         |
| (iii) | On December 31, 2023, Sereno                                                                                                            
 declared a dividend of HK$17,500,000 to Vigorous. In accordance with a written instruction of the Vigorous, the dividend will be        
 paid directly to Yee Kar Wing and Hui Wai Ming, the ultimate shareholders of Vigorous. The transaction was fully authorized by the      
 Board of Directors and documented in a board resolution. As of June 30, 2024, the amount of unpaid dividend to Mr. Yee Kar Wing and     
 Mr. Hui Wai Ming were HK$12,