Company: CHOW
Filing Date: 2025-09-16
Form Type: 424B4
Source: 0001493152-25-013607
Chunk: 193

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-16
Form: 424B4
Chunk 193
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,372,358 |     |   |  100 |     |      | 181,830,126 |     |             | 23,311,554 |     |   |  100 |

* Revenue Recognition for Contracts with Non-Distinct Obligations

The Company enters into contracts that include a combination of goods (e.g., hardware, software) and services (e.g., IT professional services, integration, and maintenance). When these elements are highly interdependent and interrelated, they are treated as a single performance obligation under ASC 606-10-25-21, and revenue is recognized at a point in time when control transfers to the customer, typically upon customer acceptance.

Because these contracts represent an integrated solution, the Company does not allocate revenue to individual components (hardware, software, or services). Instead, revenue is categorized as product revenue, as the predominant characteristic of the combined deliverable is the hardware and software provided to the customer.

In determining the predominant characteristic, the Company considers:

| ● | The                                                                                                                                   
 primary benefit to the customer, which is the acquisition of a functional IT system.                                                  |
| ● | The                                                                                                                                   
 relative significance of each component, including the cost composition of hardware, software, and services within the contract.      |
| ● | The                                                                                                                                   
 customer’s primary reason for entering into the arrangement, which is to obtain a fully integrated IT solution rather than standalone 
 services.                                                                                                                             |

This classification reflects the nature of the Company’s contracts and ensures consistency with how control is transferred to the customer.

| F-17 |

The following table summarizes disaggregated revenue from contracts with customers by timing of revenue:

|                             |     |                          For 
 the Years Ended December 31, |             |     |   |      |     |      |             |     |             |            |     |   |      |
|                             |     |                         2023 |             |     |   |      |     | 2024 |             |     |             |            |     |   |      |
|                             |     |                          HK$ |             |     | % |      |     |  HK$ |             |     | US$         
 (Note 2(e)) |            |     | % |      |
| Revenue                     
 recognized at point in time |     |                              |             |     |   |      |     |      |             |     |             |            |     |   |      |
| Sale                        
 of Hardware Products        |     |