Company: CHOW
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001641172-25-026148
Chunk: 117

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-02
Form: F-1/A
Chunk 117
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, we have been able to attract and retain talented personnel and maintain a stable core management team. As required by relevant regulations in the jurisdictions in which we operate, we maintain insurance covering the liability to make payment in respect of death, injury or disability of our employees for injuries at work for all of our employees. We believe that our current insurance policies are sufficient for our operations. In addition, we generally enter into standard employment agreements, non-disclosure agreements, and general rules of conduct with our employees that include confidentiality and non-competition provisions.

We believe that we maintain a good working relationship with our employees, and we have not experienced any major labor disputes.

INSURANCE

We benefit from various insurance policies to safeguard against risks and unexpected events. We benefit from property insurance, public liability insurance, commercial general liability insurance, and employer’s liability insurance. We provide insurance for our employees as required by relevant applicable laws and regulations. We expect to procure and maintain business interruption insurance or key-man insurance in the future. We believe that our insurance coverage is adequate to cover our key assets, facilities, and liabilities.

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PROPERTIES

We are headquartered in Hong Kong.

We have leased an office at Hong Kong. The following table sets forth the location, approximate size, primary use and lease term of our major leased facilities as of December 31, 2024.

LEGAL PROCEEDINGS

On July 2, 2025,
a multinational OEM company (through its Hong Kong subsidiary, Hewlett-Packard HK SAR Limited, the Plaintiff) commenced legal proceedings
in the High Court of Hong Kong, Court of First Instance against our Chief Executive Officer, Mr. Yee Kar Wing, and one of our subsidiaries,
Sereno Cloud Solution HK Limited (“Sereno Cloud”), in connection with a prior commercial dispute. The said dispute had previously
been fully resolved through a full and final settlement agreement entered into on October 21, 2022, after both parties obtained independent
legal advice. And the said settlement agreement has been fully performed.

The Plaintiff
only filed a Writ of Summons on July 2, 2025 without filing the full Statement of Claim as of September 2 2025. By contrast, Sereno Cloud
filed its Acknowledgement of Service of Writ of Summons on July 15, 2025, confirming its intention to defend the matter. The Plaintiff
seeks, in the abovementioned proceedings, among other relief, rescission of the 2022 settlement agreement, damages