Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 32

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 32
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 such insurance on commercially reasonable terms make it impractical for us to have such insurance. Any uninsured business disruptions may result in our incurring substantial costs and the diversion of resources, which could have an adverse effect on our results of operations and financial condition.

Our principal shareholders have substantial influence over us and their interests may not be aligned with the interests of our other shareholders.

Rainbow Sun Enterprises
Limited (“Rainbow Sun”), a holding company incorporated in the BVI, currently owns 75.25% of our outstanding shares, and
will own approximately 69.68% of our Ordinary Shares following the offering, assuming the underwriters do not exercise their over-allotment
option. Mr. Yee Kar Wing (“Mr. Yee”) is the controlling shareholder and sole director of Rainbow Sun, while Mr. Hui Wai Ming
(“Mr. Hui”), the only minority shareholder of Rainbow Sun has entered into a concert party agreement with Mr. Yee, pursuant
to which Mr. Hui agrees to act in concert with Mr. Yee in all matters with respect to the Company, Vigorous Elite Holdings Limited and
SCS. As such, Mr. Yee will be able to exert significant voting influence over our business, including decisions regarding mergers, consolidations
and the sale of all or substantially all of our assets, election of directors and other significant corporate actions. These actions
may be taken even if they are opposed by our other shareholders, including those who purchased Ordinary Shares in our initial public
offering. Moreover, this concentration of ownership may discourage, delay or prevent a change in control of us, which could deprive our
shareholders of an opportunity to receive a premium for their shares as part of a sale of us and might reduce the price of our Ordinary
Shares.

Changes in capital markets, merger and acquisition activity, legal or regulatory requirements, general economic conditions and monetary or geopolitical disruptions, as well as other factors beyond our control, could reduce demand for our practice offerings or services, in which case our revenues and profitability could decline.

Different factors outside of our control could affect demand for a segment’s practices and our services. These include:

| ● | fluctuations                                                                                 
 in U.S. and/or global economies, including economic downturns or recessions and the strength 
 and rate of any general economic recoveries;                                                 |

| ● | level                                            
 of leverage incurred by countries or businesses; |

| ● | merger                    
 and acquisition activity; |

| ● | frequency                                            
 and