Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 199

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 199
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 supporting its role as principal.

Although the Company partners with cloud and technology service providers and outsources certain components to third-party providers, these third parties act as subcontractors or suppliers within the Company’s broader performance obligation. The Company does not merely arrange for the third parties to provide goods or services directly to the customer.

Based on the above, the Company concluded that it acts as the principal in these transactions because it controls the specified goods and services before transferring them to the customer.

| F-16 |

The following table sets forth a breakdown of our revenues, in absolute amounts and percentages of total revenues for the years ended December 31, 2022 and 2023:

|                                                                                      |     | For the Years Ended December 31, |             |     |   |      |     |      |             |     |                 |            |     |   |      |
|                                                                                      |     |                             2022 |             |     |   |      |     | 2023 |             |     |                 |            |     |   |      |
|                                                                                      |     |                              HK$ |             |     | % |      |     |  HK$ |             |     | US$ (Note 2(e)) |            |     | % |      |
| Revenue from Products:                                                               |     |                                  |             |     |   |      |     |      |             |     |                 |            |     |   |      |
| Contracts with Multiple Promises*:                                                   |     |                                  |             |     |   |      |     |      |             |     |                 |            |     |   |      |
| - Sale of Hardware with IT Professional Services                                     |     |                                  |  54,658,335 |     |   | 50.8 |     |      |  58,250,642 |     |                 |  7,468,031 |     |   | 41.2 |
| - Sale of Software and IT Application products with IT Professional Services         |     |                                  |  32,971,142 |     |   | 30.6 |     |      |  52,958,769 |     |                 |  6,789,586 |     |   | 37.5 |
| - Sale of Hardware, Software and IT Application Products with IT Professional        
 Services                                                                             |     |                                  |      74,400 |     |   |  0.1 |     |      |