Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 77

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 77
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, 2024, respectively. However, SCS has not declared any dividend to CCCI through Vigorous Elite, and CCCI has not declared any dividend to its shareholders, after the reorganization and up to the date of this prospectus.We do not have any present plan to pay any cash dividends on our Ordinary Shares in the foreseeable future after this offering. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business.

If we determine to pay dividends on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our Hong Kong subsidiary SCS.

Cash dividends, if any, on our Ordinary Shares will be paid in U.S. dollars.

Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by us. See “Taxation - Hong Kong Profits Taxation.”

| 44 |

<div align='center'>Capitalization</div>

The following table sets forth our capitalization as of December 31, 2023:

| ● | on                                                                                             
 an actual basis;                                                                               |
| ● | on                                                                                             
 a pro forma basis to give effect to the issuance and sale of Ordinary Shares by us in this     
 offering at an assumed initial public offering price of US$[    ] per Ordinary Share, the      
 mid-point of the estimated range of the initial public offering price shown on the front       
 cover of this prospectus, after deducting underwriting discounts and commissions and estimated 
 offering expenses payable by us.                                                               |

You should read this table together with our consolidated financial statements and the related notes included elsewhere in this prospectus and the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

|                                                                                                                |     |                                             As 
                           of December 31, 2023 |   |     |            |
|:---------------------------------------------------------------------------------------------------------------|:----|-----------------------------------------------:|:--|:----|:-----------|
|                                                                                                                |     |                                         Actual |   |     | Pro        
 Forma      |
|                                                                                                                |     |                                                |   |     | -unaudited |
|                                                                                                                |     |                                           -US$ 
 thousands, except for share and per share data |   |     |            |
| Cash                                                                                                           |     |                                          1,266 |   |     | [       ]  |
| Shareholders’ equity:                                                                                          |     |                                                |