Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 101

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 101
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General and administrative expenses primarily consist of salaries, bonuses, and benefits for employees involved in general corporate functions, such as finance, human resources, legal, and executive management. These expenses also include depreciation and amortization related to assets used in corporate activities, legal and professional service fees, entertainment expenses, short-term rental expenses for office spaces, and other administrative expenses.

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Our major general and administrative expenses were comprised of the following items during the years indicated:

|                                                          |     | Year ended December 31, |      2022 |     |   |       |     |     |      2023 |   |     |     |         |   |     |   |       |   |     |   | Change |   |
|:---------------------------------------------------------|:----|:------------------------|----------:|:----|:--|------:|:----|:----|----------:|:--|:----|:----|--------:|:--|:----|:--|------:|:--|:----|:--|-------:|:--|
|                                                          |     | HK$                     |           |     | % |       |     | HK$ |           |   |     | US$ |         |   |     | % |       |   |     | % |        |   |
| Salaries, bonuses, and benefits for employees            |     |                         | 2,926,105 |     |   |  60.0 |     |     | 3,513,248 |   |     |     | 450,417 |   |     |   |  70.4 |   |     |   |   20.1 |   |
| Amortization of intangible asset                         |     |                         |         - |     |   |     - |     |     |   378,802 |   |     |     |  48,564 |   |     |   |   7.6 |   |     |   |    100 |   |
| Depreciation of property and equipment                   |     |                         |    12,850 |     |   |   0.3 |     |     |    22,940 |   |     |     |   2,941 |   |     |   |   0.4 |   |     |   |   78.5 |   |
| Short-term rental expenses                               |     |