Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 141

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 141
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2022, and 2023, and six months ended June 30, 2024, respectively.                                                                                 |
| (ii)  | The                                                                                                                                               
 amounts due from Yee Kar Wing, Hui Wai Ming and Chu Che Man 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, SCS 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$12,494 and HK$3,532,420, respectively.                                                                               |

| 92 |

<div align='center'>Description of Share Capital</div>

We are a Cayman Islands exempted company incorporated with limited liability and our affairs are governed by our memorandum and articles of association, the Companies Act (As Revised) of the Cayman Islands, which we refer to as the Companies Act below, and the common law of the Cayman Islands.

As of the date of this prospectus, our authorized share capital is US$50,000 divided into 500,000,000 Ordinary Shares of nominal or par value of US$0.0001 each.

As of the date of this prospectus, 32,500,000 Ordinary Shares areissued and outstanding. All of our shares issued and outstanding prior to the completion of the offering are and will be fully paid, and all of our shares to be issued in the offering will be issued as fully paid.

Our Post-Offering Memorandum and Articles of Association

Our shareholders have adopted an amended and restated memorandum and articles of association on October 18, 2024, which we refer to below as our post-offering