Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 177

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 177
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 has two or more of (1) an average of at least 250 employees during the last financial year, (2) a total balance 
 sheet of more than €43,000,000, and (3) an annual net turnover of more than €50,000,000, as shown in its last annual or               
 consolidated accounts;                                                                                                                |
| ● | to                                                                                                                                    
 fewer than 100 natural or legal persons (other than qualified investors as defined in the Prospectus Directive; or                    |
| ● | in                                                                                                                                    
 any other circumstances that do not require the publication by the company of a prospectus pursuant to Article 3 of the Prospectus    
 Directive;                                                                                                                            |

provided that no such offer of shares shall result in a requirement for the publication by the company of a prospectus pursuant to Article 3 of the Prospectus Directive.

| 113 |

For purposes of the above provision, the expression “an offer of ADSs to the public” in relation to any shares in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the shares to be offered so as to enable an investor to decide to purchase or subscribe the shares, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State, and the expression “Prospectus Directive” means Directive 2003/71/EC and includes any relevant implementing measure in each Relevant Member State.

France

Neither this prospectus nor any other offering material relating to the shares described in this prospectus has been submitted to the clearance procedures of the Autorité des Marchés Financiers or of the competent authority of another member state of the European Economic Area and notified to the Autorité des Marchés Financiers. The shares have not been offered or sold and will not be offered or sold, directly or indirectly, to the public in France. Neither this prospectus nor any other offering material relating to the shares has been or will be (1) released, issued, distributed or caused to be released, issued or distributed to the public in France; or (2) used in connection with any offer for subscription or sale of the shares to the public in France.

Such offers, sales and distributions will be made in France only:

| (a) | to                                                                                                                                                                   
 qualified investors (investisseurs estraint) and/or to a restricted circle of investors (cercle estraint d’investisseurs),                                           
 in each case investing for their own