Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 256

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 256
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 in arm’s-length transactions unless such representations can be substantiated.

(w) Segment reporting

ASC 280, Segment Reporting,
(“ASC 280”), establishes standards for companies to report in their financial statement information about operating segments,
products, services, geographic areas, and major customers.

| F-58 |

The Company operates as a single reportable segment as defined by ASC 280, with the Chief Operating Decision Maker (CODM), identified as the Chief Executive Officer, reviewing consolidated results for the purpose of allocating resources and assessing performance.

Geographic Information

The Company generates revenue from customers located in its country of domicile, Hong Kong, and from customers in other regions. Revenues are attributed to geographic regions based on the location of the customers. The following table presents revenues from external customers by geographic area for six months ended June 30, 2023 and 2024:

The following table summarizes disaggregated revenue from contracts with customers by geographic areas:

|                                   |     |                           For 
 the Six Months Ended June 30, |            |     |   |      |     |      |            |     |             |            |     |   |      |
|                                   |     |                          2023 |            |     |   |      |     | 2024 |            |     |             |            |     |   |      |
|                                   |     |                           HK$ |            |     | % |      |     |  HK$ |            |     | US$         
 (Note 2(e)) |            |     | % |      |
| Hong                              
 Kong                              |     |                               | 83,013,666 |     |   | 93.3 |     |      | 74,240,730 |     |             |  9,518,043 |     |   | 75.5 |
| Singapore                         |     |                               |  5,804,335 |     |   |  6.5 |     |      | 21,562,565 |     |             |  2,764,432 |     |   | 21.9 |
| Others, including Philippines and 
 Macau                             |     |                               |    195,223 |     |   |  0.2 |     |      |  2,490,102 |     |             |    319,243 |     |   |  2.6 |
|                                   |     |                               | 89,013,224 |