Company: CHOW
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001641172-25-025146
Chunk: 179

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-08-22
Form: F-1/A
Chunk 179
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 specific needs.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in conformity with the requirements of the Securities Exchange Commission (“SEC”). Additionally, these consolidated financial statements have been audited in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”).

(b) Principles of consolidation

The consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany balances and transactions have been eliminated in consolidation.

(c) Use of estimates

The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses, as well as the disclosure of contingent assets and liabilities at the date of the consolidated financial statements. These estimates and assumptions are evaluated regularly based on historical experience, current conditions, and reasonable and supportable forecasts of future economic conditions.

Significant accounting estimatesreflected in the Company’s consolidated financial statements include, but are not limited to:

| ● | Incremental                                                                                 
 borrowing rate used in the recognition of right-of-use assets and lease liabilities under   
 ASC 842 (Leases), which is determined based on the Company’s cost of borrowing,             
 adjusted for the specific term and the economic environment.                                |
| ● | Allowance                                                                                   
 for credit losses on accounts receivable under ASC 326 (Credit Losses), which               
 is determined based on historical collection experience, the creditworthiness of individual 
 customers, and expected changes in macroeconomic conditions.                                |
| ● | Useful                                                                                      
 lives of property and equipment, which are determined based on the Company’s experience     
 with similar assets and expected usage patterns.                                            |
| ● | Valuation                                                                                   
 allowance for deferred tax assets under ASC 740 (Income Taxes), which is based              
 on management’s assessment of the likelihood of future taxable income and the ability       
 to utilize deferred tax assets before expiration.                                           |
| ● | Estimated                                                                                   
 progress towards the satisfaction of performance obligations under ASC 606 (Revenue         
 from Contracts with Customers), which considers the nature of the services provided and     
 the terms of customer contracts.                                                            |

| F-7 |

These estimates involve significant judgment and are subject to uncertainty, particularly in areas affected by market volatility, economic conditions, or customer-specific factors. Management regularly reviews and updates its estimates based on changes in these conditions