Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 285

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 285
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     |                     |    1,268 |   |     |                 |     163 |   |
| Total deferred liabilities                                                    |     |                      |  (75,123 | ) |     |                     | (226,467 | ) |     |                 | (29,034 | ) |
| (Charged) / Credited to consolidated statement of operations:                 |     |                      |          |   |     |                     |          |   |     |                 |         |   |
| Accelerated tax depreciation                                                  |     |                      |  (94,833 | ) |     |                     | (152,481 | ) |     |                 | (19,549 | ) |
| Allowance for the expected credit losses on accounts receivable               |     |                      |  (57,578 | ) |     |                     |   37,872 |   |     |                 |   4,855 |   |
| Allowance for the expected credit losses on amount due from related companies |     |                      |    1,067 |   |     |                     |    1,162 |   |     |                 |     149 |   |
| Deferred tax liabilities, net, ending balance                                 |     |                      | (226,467 | ) |     |                     | (339,914 | ) |     |                 | (43,579 | ) |

Realization of Deferred Tax Assets

The realization of the net deferred tax assets is
dependent upon several factors, including future reversals of existing taxable temporary differences and the generation of adequate future
taxable income. The Company evaluates the potential realization of deferred tax assets on an entity-by-entity basis, considering both
positive and negative evidence.

The Company assesses deferred tax assets under the
“more-likely-than-not” criteria, based on recurring profitability and the expected availability of future taxable income
to offset temporary differences and tax loss carry forwards. Tax loss carry forwards are assessed with respect to their expiration periods
and the probability of future taxable income sufficient to utilize these losses.

For the six months ended June 30, 2023, and 2024,
the Company did not recognize any valuation allowance as management determined that it is more likely than not that the Company will
realize the benefits of its deferred tax assets due to recurring profits. The assessment considered historical performance, future profitability
projections, and tax planning strategies.

| F-72 |

Uncertain Tax Positions

In accordance with ASC 740-10