Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 97

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 97
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 of the deliverables, the Company cannot allocate revenue to
individual components such as hardware, software, or services.

Instead, revenue is categorized based on the predominant
characteristic of the combined deliverable. This determination considers the primary benefit to the customer, the relative significance
of each component to the contract’s objective, and the customer’s primary reason for entering the arrangement. For example, when contracts
involve a significant degree of customization and implementation services, the Company categorizes revenue as services, as these activities
represent the primary driver of value for the customer.

The following table summarizes disaggregated revenue from contracts with customers by geographic areas for the years ended December 31, 2022 and 2023:

|                                                          |     | Year ended December 31, |        2022 |     |   |       |     |     |        2023 |     |     |            |     |   |       |     |   |  Change |
|:---------------------------------------------------------|:----|:------------------------|------------:|:----|:--|------:|:----|:----|------------:|:----|:----|-----------:|:----|:--|------:|:----|:--|--------:|
|                                                          |     | HK$                     |             |     | % |       |     | HK$ |             |     | US$ |            |     | % |       |     | % |         |
| Hong Kong                                                |     |                         |  99,666,436 |     |   |  92.6 |     |     | 128,519,292 |     |     | 16,476,832 |     |   |  90.9 |     |   |    28.9 |
| Singapore                                                |     |                         |   7,751,861 |     |   |   7.2 |     |     |  10,090,715 |     |     |  1,293,681 |     |   |   7.1 |     |   |    30.2 |
| Others, including Philippines, Macau, Japan and Malaysia |     |                         |     209,921 |     |   |   0.2 |     |     |   2,762,351 |     |     |    354,148 |     |   |   2.0 |     |   | 1,215.9