Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 74

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 74
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 this offering of approximately US$[ ] million, or approximately US$[ ] million if the underwriters exercise their option to purchase additional Ordinary Shares in full, after deducting underwriting discounts and commissions and the estimated offering expenses payable by us. These estimates are based upon an assumed initial offering price of US$[ ] per Ordinary Share, the mid-point of the estimated range of the initial public offering price shown on the front cover page of this prospectus. Each US$1.00 increase (decrease) in the assumed initial public offering price of US$[ ] per Ordinary Share would increase (decrease) the net proceeds of this offering by US$[ ] million, or approximately US$[ ] million if the underwriters exercise their option to purchase additional Ordinary Shares in full.

The primary purposes of this offering are to create a public market for our shares for the benefit of all shareholders, retain talented employees by providing them with equity incentives and obtain additional capital. We plan to use the net proceeds of this offering as follows:

| ◌ | [10]%                                                                                                                            
 of the net proceeds for expanding service capabilities and R&D;                                                                  |
| ◌ | [10]%                                                                                                                            
 of the net proceeds for marketing and branding;                                                                                  |
| ◌ | [50]%                                                                                                                            
 of the net proceeds for potential mergers and acquisitions although we have no commitments with respect to any such acquisitions 
 at this time; and                                                                                                                |
| ◌ | the remainder for working capital and other general                                                                              
 corporate purposes.                                                                                                              |

The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than as described in this prospectus. See “Risk Factors — Risks Related to the Ordinary Shares and This Offering — We have broad discretion in the use of the net proceeds from this offering and may not use them effectively.”

Pending any use described above, we plan to invest the net proceeds in short-term, interest-bearing, debt instruments or demand deposits.

| 43 |

<div align='center'>Dividend Policy</div>

Our board of directors (“ Board”) has discretion on whether to distribute dividends, subject to certain requirements of Cayman Islands law. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by the