Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 156

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 156
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 and other financial institutions; |

| ● | insurance  
 companies; |

| ● | pension 
 plans;  |

| ● | cooperatives; |

| ● | regulated             
 investment companies; |

| ● | real                      
 estate investment trusts; |

| ● | broker-dealers; |

| ● | traders                                                  
 that elect to use a mark-to-market method of accounting; |

| ● | certain                                      
 former U.S. citizens or long-term residents; |

| ● | tax-exempt                                
 entities (including private foundations); |

| ● | holders                                                                                               
 who acquire their Ordinary Shares pursuant to any employee share option or otherwise as compensation; |

| ● | investors                                                                                   
 that will hold their Ordinary Shares as part of a straddle, hedge, conversion, constructive 
 sale or other integrated transaction for U.S. federal income tax purposes;                  |

| ● | investors                                                   
 that have a functional currency other than the U.S. dollar; |

| ● | persons                                                                                    
 holding their Ordinary Shares in connection with a trade or business conducted outside the 
 United States;                                                                             |

| ● | persons                                                                             
 that actually or constructively own 10% or more of our stock (by vote or value); or |

| ● | partnerships                                                                               
 or other entities taxable as partnerships for U.S. federal income tax purposes, or persons 
 holding the Ordinary Shares through such entities,                                         |

all of whom may be subject to tax rules that differ significantly from those discussed below.

Each U.S. Holder is urged to consult its tax advisor regarding the application of U.S. federal taxation to its particular circumstances, and the state, local, non-U.S. and other tax considerations of the ownership and disposition of the Ordinary Shares.

| 104 |

General

For purposes of this discussion, a “U.S. Holder” is a beneficial owner of the Ordinary Shares that is, for U.S. federal income tax purposes:

| ● | an                                                            
 individual who is a citizen or resident of the United States; |

| ● | a                                                                                               
 corporation (or other entity treated as a corporation for U.S. federal income tax purposes)     
 created in or organized under the law of the United States or any state thereof or the District 
 of Columbia;                                                                                    |

| ● | an                                                                                            
 estate the income of which is includible in gross income for U.S. federal income tax purposes 
 regardless of its source; or                                                                  |

| ● | a                                                                                           
 trust (A) the administration of which is subject to the primary supervision of a U.S.