Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 109

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 109
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 which approximately HK$ 8.5million was denominated in Hong Kong Dollar and approximately HK$ 1.3million was denominated in US Dollar. The entire cash balance was deposited in financial institutions in Hong Kong Special Administrative Region. The current asset balance also mainly included accounts receivable, net of HK$ 15.7million (US$ 2.0million) and advances to suppliers of HK$11.6 million (US$1.5 million).

Current liabilities as of December 31, 2023 was HK$ 39.2million (US$ 5.0million). This amount was mainly composed of accounts payable of HK$ 7.1million (US$ 0.9million), amount due to related parties – non trade of HK$9.0 million (US$1.2 million) and deferred revenue (contract liabilities) of HK$18.6 million (US$2.4 million). The HK$9.0 million amount due to related parties – non-trade mainly represented the dividend payable of HK$9.0 million (US$1.2 million) to the shareholders.

Current assets as of June 30, 2024 was HK$ 27.6million (US$3.5 million). Out of this balance, we had cash and cash equivalents in an amount of HK$ 11.4million (US$ 1.5million) of which approximately HK$ 7.7million was denominated in Hong Kong Dollar and approximately HK$ 3.7million was denominated in US Dollar. The entire cash balance was deposited in financial institutions in Hong Kong Special Administrative Region. The current asset balance also mainly included accounts receivable, net of HK$ 14.8million (US$ 1.9million).

Current liabilities as of June 30, 2024 was HK$ 16.5million (US$ 2.1million). This amount was mainly composed of accounts payable of HK$ 3.5million (US$ 0.4million), amount due to related parties – non trade of HK$3.5 million (US$0.5 million), tax payable of HK$3.8 million (US$0.5 million) and deferred revenue (contract liabilities) of HK$4.3 million (US$0.5 million). The HK$3.5 million amount due to related parties – non-trade mainly represented mainly represented the dividend payable of HK$3.5