Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 211

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 211
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 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 the years ended December 31, 2022, and 2023:

|                                       |     |                          For 
 the Years Ended December 31, |             |     |   |      |     |      |             |     |             |            |     |   |      |
|                                       |     |                         2022 |             |     |   |      |     | 2023 |             |     |             |            |     |   |      |
|                                       |     |                          HK$ |             |     | % |      |     |  HK$ |             |     | US$         
 (Note 2(e)) |            |     | % |      |
| Hong                                  
 Kong                                  |     |                              |  99,666,436 |     |   | 92.6 |     |      | 128,519,292 |     |             | 16,476,832 |     |   | 90.9 |
| Singapore                             |     |                              |   7,751,861 |     |   |  7.2 |     |      |  10,090,715 |     |             |  1,293,681 |     |   |  7.1 |
| Others, including Philippines, Macau, 
 Japan and Malaysia                    |     |                              |     209,921 |     |   |  0.2 |     |      |   2,762,351 |     |             |    354,148 |     |   |  2.0 |
|                                       |     |                              | 107,628,218 |     |   |  100 |     |      | 141,372,358 |     |             | 18,124,661 |     |   |  100 |

(w) Recent accounting pronouncements

ASC 326 (Credit Losses): In May 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-05 as an update to ASU 2016-13, Financial Instruments — Credit Losses (Topic 326). ASU 2016-13 introduced the expected credit