Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 184

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 184
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 |   |
| Cash and cash equivalents, beginning of year                                        |     |                                 |   6,215,905 |   |     |     |   9,011,947 |   |     |                 |  1,155,378 |   |
| Cash and cash equivalents, end of year                                              |     |                                 |   9,011,947 |   |     |     |   9,873,451 |   |     |                 |  1,265,827 |   |
| Supplemental disclosure of non-cash information:                                    |     |                                 |             |   |     |     |             |   |     |                 |            |   |
| Right-of-use assets obtained in exchange for new lease liabilities                  |     |                                 |           - |   |     |     |     461,624 |   |     |                 |     59,183 |   |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.</div>

| F-5 |

<div align='center'>CHOWCHOW CLOUD INTERNATIONAL HOLDINGS LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

1. BUSINESS OVERVIEW AND BASIS OF PRESENTATION

ChowChow Cloud International Holdings Limited 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. One ordinary share was issued on October 8, 2024. The authorized share capital was changed to 500,000,000 ordinary shares of par value US$0.0001 each and the one issued share was sub-divided into 10 ordinary shares on October 18, 2024. Upon completion of the reorganization between ChowChow Cloud International Holdings Limited and Vigorous Elite Holdings Limited, 32,500,000 ordinary shares of par value US$0.0001 each will be in issue. ChowChow Cloud International Holdings Limited conducts its primary operations through its subsidiaries, Vigorous Elite Holdings Limited (“Vigorous”) and Sereno Cloud Solution HK Limited (“Sereno”) that are incorporated and domiciled in Hong Kong (“collectively referred to as the “Company”).

Reorganization

Vigorous was incorporated in the British Virgin Islands on July 19, 2023 as an exempted company. The Company has not commenced