Company: CHOW
Filing Date: 2025-09-16
Form Type: 424B4
Source: 0001493152-25-013607
Chunk: 194

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-16
Form: 424B4
Chunk 194
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 |  HK$ |           |     | US$         
 (Note 2(e)) |         |     | % |      |
| Maintenance            
 and Support Services   |     |                 | 1,878,008 |     |   | 95.6 |     |      |   172,413 |     |             |  22,104 |     |   |  6.6 |
| IT                     
 Professional Services  |     |                 |    76,948 |     |   |  3.9 |     |      |         - |     |             |       - |     |   |    - |
| Contracts              
 with Multiple Promises |     |                 |     9,706 |     |   |  0.5 |     |      | 2,436,760 |     |             | 312,405 |     |   | 93.4 |
|                        |     |                 | 1,964,662 |     |   |  100 |     |      | 2,609,173 |     |             | 334,509 |     |   |  100 |

| F-18 |

(n) Cost of revenues

Cost of revenues includes all direct costs associated with fulfilling the Company’s performance obligations for services and products. These costs primarily consist of:

| ● | Subcontracting                                                                                                                     
 fees, which include amounts paid to third-party vendors and service providers for project-related services.                        |
| ● | Hardware                                                                                                                           
 costs, which represent the direct cost of hardware sold to customers as part of the Company’s service offerings.                   |
| ● | Software                                                                                                                           
 licenses and IT application licenses, which include the costs of licenses procured from third-party vendors and resold or utilized 
 in providing services to customers.                                                                                                |

Costs are recognized as incurred in the same period as the related revenues, in accordance with ASC 606. The Company does not maintain inventory but purchases hardware and software upon receiving customer orders. Since the setup and delivery are typically completed within a short period, costs are classified as cost of revenues and expensed as incurred when control of the related products or services is transferred to the customer.

The Company has considered ASC 340-40 and determined that no costs meet the criteria for capitalization, as all costs are directly tied to performance obligations that are satisfied within the same reporting period.

Cost of Revenues Classification

The Company categorizes cost of revenues into cost of products and cost of services