Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 254

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 254
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 to be a related party
transaction when there is a transfer of resources or obligations between related parties. Related parties may be individuals or corporate
entities.

Transactions involving related parties cannot be
presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist.
Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated
on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

(w) Segment reporting

ASC 280, Segment Reporting,
(“ASC 280”), establishes standards for companies to report in their financial statement information about operating segments,
products, services, geographic areas, and major customers.

| F-58 |

The Company operates as a single reportable segment as defined by ASC 280, with the Chief Operating Decision Maker (CODM), identified as the Chief Executive Officer, reviewing consolidated results for the purpose of allocating resources and assessing performance.

Geographic Information

The Company generates revenue from customers located in its country of domicile, Hong Kong, and from customers in other regions. Revenues are attributed to geographic regions based on the location of the customers. The following table presents revenues from external customers by geographic area for six months ended June 30, 2023 and 2024:

The following table summarizes disaggregated revenue from contracts with customers by geographic areas:

|                                   |     |                           For 
 the Six Months Ended June 30, |            |     |   |      |     |      |            |     |             |            |     |   |      |
|                                   |     |                          2023 |            |     |   |      |     | 2024 |            |     |             |            |     |   |      |
|                                   |     |                           HK$ |            |     | % |      |     |  HK$ |            |     | US$         
 (Note 2(e)) |            |     | % |      |
| Hong                              
 Kong                              |     |                               | 83,013,666 |     |   | 93.3 |     |      | 74,240,730 |     |             |  9,518,043 |     |   | 75.5 |
| Singapore                         |     |                               |  5,804,335 |     |   |  6.5 |     |      | 21,562,565 |     |             |