Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 32

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 32
---
 with the interests of our other shareholders.

Rainbow Sun Enterprises
Limited (“Rainbow Sun”), a holding company incorporated in the BVI, currently owns 75.25% of our outstanding shares, and
will own approximately [ ]% of our Ordinary Shares following the offering, assuming the underwriters do not exercise their
over-allotment option. Mr. Yee Kar Wing (“Mr. Yee”) is the controlling shareholder and sole director of Rainbow Sun, while
Mr. Hui Wai Ming (“Mr. Hui”), the only minority shareholder of Rainbow Sun has entered into a concert party agreement with
Mr. Yee, pursuant to which Mr. Hui agrees to act in concert with Mr. Yee in all matters with respect to the Company, Vigorous Elite Holdings Limited and SCS. As such,
Mr. Yee will be able to exert significant voting influence over our business, including decisions regarding mergers, consolidations
and the sale of all or substantially all of our assets, election of directors and other significant corporate actions. These actions
may be taken even if they are opposed by our other shareholders, including those who purchased Ordinary Shares in our initial public
offering. Moreover, this concentration of ownership may discourage, delay or prevent a change in control of us, which could deprive our
shareholders of an opportunity to receive a premium for their shares as part of a sale of us and might reduce the price of our Ordinary
Shares.

Changes in capital markets, merger and acquisition activity, legal or regulatory requirements, general economic conditions and monetary or geopolitical disruptions, as well as other factors beyond our control, could reduce demand for our practice offerings or services, in which case our revenues and profitability could decline.

Different factors outside of our control could affect demand for a segment’s practices and our services. These include:

| ● | fluctuations                                                                                 
 in U.S. and/or global economies, including economic downturns or recessions and the strength 
 and rate of any general economic recoveries;                                                 |

| ● | level                                            
 of leverage incurred by countries or businesses; |

| ● | merger                    
 and acquisition activity; |

| ● | frequency                                            
 and complexity of significant commercial litigation; |

| ● | overexpansion                                 
 by businesses causing financial difficulties; |

| ● | business                                                                                    
 and management crises, including the occurrence of alleged fraudulent or illegal activities 
 and practices;                                                                              |

| ● | new                                                                                             
 and complex laws and regulations, repeals of existing laws and regulations