{"url_path":"/sec/chow/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2041829/0001493152-26-023952-index.html","accession_number":"0001493152-26-023952","cik":"0002041829","ticker":"CHOW","issuer_name":"ChowChow Cloud International Holdings Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/2041829/0001493152-26-023952-index.html","primary_entity_key":"0002041829","primary_entity_name":"ChowChow Cloud International Holdings Ltd"},"word_count":659,"has_tables":true,"body_markdown":"**ITEM\n7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n \n\n**A.**\n**Major\nShareholders**\n\n \n\nSee\n“Item 6. Directors, Senior Management and Employees — E. Share Ownership.”\n\n \n\n**B.**\n**Related\nParty Transactions**\n\n \n\nThe\nrelationship and the nature of related party transactions are summarized as follows:\n\n \n\n**Names\nof the related parties**\n \n**Relationship\nwith the Company**\n\nLeading\nDigital Supply Limited\n \n50%\nowned by Yee Kar Wing; Director until July 4, 2024\n\nPrimex\nTechnology Limited\n \n50%\nowned by Yee Kar Wing; Director\n\nGMS\nEnterprise (Hong Kong) Limited\n \n100%\nowned by Primex Technology Limited; Director: Yee Kar Wing\n\nYee\nKar Wing\n \nShareholder,\nDirector, and CEO of the Company\n\nHui\nWai Ming\n \nShareholder\nand COO of the Company\n\nChu\nChe Man\n \nShareholder\nand director of SCS (ceased to be the director and shareholder of SCS since September 25, 2023 and September 26, 2023, respectively)\n\n \n\n**a.\nAmounts due from / (to) related parties**\n\n \n\n  \nAs\nof December 31, \n\n  \n2023  \n2024  \n2025 \n\n  \nHK$  \nHK$  \nHK$ \n\nLeading\nDigital Supply Limited(i) \n 9,800  \n -  \n - \n\nPrimex\nTechnology Limited(ii) \n 75,924  \n 30,256  \n 84,256 \n\nTotal\namounts due from related parties - trade \n 85,724  \n 30,256  \n 84,256 \n\nLess:\nAllowance for credit losses \n (7,684) \n (1,681) \n (26,793)\n\nTotal\namounts due from related parties – trade, net \n 78,040  \n 28,575  \n 57,463 \n\n  \n    \n    \n   \n\nYee\nKar Wing(iii) \n (5,276,517) \n (33,795) \n 534,028 \n\nHui\nWai Ming(iii) \n (3,732,147) \n (645,120) \n 27,300 \n\nTotal\namounts due from / (to) related parties – non trade \n (9,008,664) \n (678,915) \n 561,328 \n\n \n\n**b.\nRelated party transactions**\n\n \n\n  \nYear\nended December 31, \n\n  \n2023  \n2024  \n2025 \n\n  \nHK$  \nHK$  \nHK$ \n\nPurchase\nfrom GMS Enterprise (Hong Kong) Limited \n 21,551  \n -  \n - \n\nService\nrendered to Leading Digital Supply Limited \n 540,200  \n 240,500  \n - \n\nService\nrendered to Primex Technology Limited \n 54,000  \n 54,000  \n 54,000 \n\nSales\ncommission paid to Hui Wai Ming \n -  \n 12,500  \n - \n\nLoan advance to Yee Kar Wing \n 11,978,398  \n 6,027,096  \n 9,772,820 \n\nPayment on behalf of the Company by Yee Kar Wing \n 6,255,052  \n 6,111,591  \n 8,784,275 \n\nSales proceeds received by Yee Kar Wing on behalf of the Company \n 309,106  \n -  \n - \n\nDividend\npaid to Yee Kar Wing(iv) \n 6,097,976  \n 5,277,024  \n - \n\nDividend\npaid to Hui Wai Ming(iv) \n 2,392,580  \n 3,060,000  \n 672,420 \n\n \n\n67\n\n \n\n** **\n\n**Terms\nof Transactions with Related Parties**\n\n \n\nThe\ntransactions with related parties are conducted on terms that, in management’s opinion, approximate arm’s length transactions.\nThe pricing for services provided and goods sold to related parties is based on market rates for similar transactions with third parties.\nHowever, due to the nature of related party relationships, these transactions may not be at the same terms that would be available in\nan open market.\n\n \n\n \n(i)\nMr.\nYee Kar Wing has ceased to be the shareholder and director of Leading Digital Supply Limited since July 4, 2024. The amount due from\nLeading Digital Supply Limited and the allowance for the credit loss on the amount due from Leading Digital Supply Limited as of\nDecember 31, 2024 were HK$9,800 (December 31, 2023: HK$9,800) and HK$974 (December 31, 2023: HK$136) respectively. These amounts\nwere reallocated to accounts receivable and allowance for the credit losses on accounts receivable.\n\n \n \n \n\n \n(ii)\nThe\namounts due from Primex Technology Limited represent receivables for IT infrastructure solutions and managed support services provided\nby the Company. This balance is subject to credit risk, and allowances / (reversal of allowances) for credit losses of HK$5,867 and\n(HK$6,900 (US$885)) were recognized for the years ended December 31, 2024, and 2025, respectively.\n\n \n \n \n\n \n(iii)\nThese\nbalances are unsecured, interest-free, and without a fixed repayment term.\n\n \n \n \n\n \n(iv)\nOn\nDecember 31, 2023, SCS declared a dividend of HK$17,500,000 to Vigorous Elite Holdings Limited s. In accordance with a written instruction\nof the Vigorous, the dividend will be paid directly to Yee Kar Wing and Hui Wai Ming, the ultimate shareholders of Vigorous. The\ntransaction was fully authorized by the Board of Directors and documented in a board resolution. During the years ended December 31, 2023, 2024, and 2025, dividends of\nHK$8,490,556, HK$8,337,024, and HK$672,420 were paid, respectively. As of December 31, 2025, the declared\ndividend was fully settled. No dividend was declared during the year ended December 31, 2025.\n\n \n\n**C.**\n**Interests\nof Experts and Counsel**\n\n \n\nNot\nApplicable."}