Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 120

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 120
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 policies and payment methods with each client based on the type of cloud solutions we are providing to the client, taking into account a number of factors, including, but not limited to, the size of the order, the complexity of the project, the client’s business relationship and credit history with us, and the payment terms offered by the suppliers involved. We typically require our clients to pay (i) an upfront payment upon signing of contract, (ii) milestone payments when specified milestone events are reached, and (iii) a final payment upon delivery of relevant services, or on a monthly basis. We either require our clients to make payment upon delivery or provide a credit period typically ranging from zero to 60 days after our issuance of invoice or delivery of services.

We price our solutions on a case-by-case basis because we typically deliver our solutions on a project-by-project basis, which includes a range of specifications and varying levels of complexity. For our IT infrastructure solutions, we typically consider, among other things, (i) the scope of services, (ii) the estimated time to be spent by various levels of our technical personnel, (iii) the complexity and scale of the project, (iv) procurement and supply chain costs, and (v) subcontractor fees (if any). For professional IT services and AI-powered proactive cloud managed services, we determine our quotes based on the estimated time to be spent by our technical resources.

We set out below a summary of the salient terms of a typical purchase order with our customers:

Services.We provide one-off cloud solutions to the customer as specified in the purchase order.

Term.Not specified.

Payment.We are typically entitled to receive payment in advance upon receipt of confirmed order, or payment within 30 days after issuance of invoice.

Delivery.We are typically required to deliver our cloud solutions in approximately two weeks to two months after receipt of confirmed order.

We set out below a summary of the salient terms of a typical purchase order with our suppliers:

Products/Services.The supplier provides us with IT products and services as specified in the purchase order.

Term.Not specified.

Payment.We are typically required to make payments to the supplier upon receipt of invoice.

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OUR TECHNOLOGIES

We integrate a variety
of technologies into our ITSM platform to deliver our AI-powered proactive cloud managed
services to our clients that enable robust, efficient and secure IT operations. Our ITSM platform provides a comprehensive set of tools and solutions designed
to manage the delivery of IT services. It encompasses a wide range of activities, processes, and