Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 93

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 93
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 |  94.2 |     |        |  10.1 |   |
| Revenue from Services:                                                               |     |                           |            |     |   |       |     |      |            |     |     |            |     |   |       |     |        |       |   |
| IT Professional Services                                                             |     |                           |  3,412,821 |     |   |   3.8 |     |      |  3,233,871 |     |     |    414,599 |     |   |   3.3 |     |        |  (5.2 | ) |
| Maintenance and Support Services                                                     |     |                           |  1,488,923 |     |   |   1.7 |     |      |  2,489,537 |     |     |    319,172 |     |   |   2.5 |     |        |  67.2 |   |
|                                                                                      |     |                           |  4,901,744 |     |   |   5.5 |     |      |  5,723,408 |     |     |    733,771 |     |   |   5.8 |     |        |  16.8 |   |
| Total revenues                                                                       |     |                           | 89,013,224 |     |   | 100.0 |     |      | 98,293,397 |     |     | 12,601,718 |     |   | 100.0 |     |        |  10.4 |   |

*Revenue Recognition for Contracts with Non-Distinct Obligations

The Company enters into contracts that include a combination of goods (e.g., hardware, software) and services (e.g., IT professional services, integration, and maintenance). When these elements are highly interdependent and interrelated, they are treated as a single performance obligation under ASC 606-10-25-21, and revenue is recognized at a point in time when control transfers to the customer, typically upon customer acceptance.

Because these contracts represent an integrated solution, the Company does not allocate revenue to individual components (hardware, software, or services). Instead, revenue is categorized as product revenue, as the predominant characteristic of the combined deliverable is the hardware and software provided to the customer.

In determining the predominant characteristic, the Company considers:

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