Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 272

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 272
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 |
| Balance at beginning of the year / period   |     |                      |    7,790,830 |   |     |                     |  18,585,792 |   |     |                 |   2,382,794 |   |
| Additions                                   |     |                      |  150,177,340 |   |     |                     |  82,766,958 |   |     |                 |  10,611,148 |   |
| Revenue recognized during the year / period |     |                      | (139,382,378 | ) |     |                     | (97,075,745 | ) |     |                 | (12,445,608 | ) |
| Balance at end of year / period             |     |                      |   18,585,792 |   |     |                     |   4,277,005 |   |     |                 |     548,334 |   |

|                                                              |     |     | As of December 31, 2023 |     |            | As of June 30, 2024 |     |                 |         |
|:-------------------------------------------------------------|:----|:----|------------------------:|:----|:-----------|--------------------:|:----|:----------------|--------:|
|                                                              |     | HK$ |                         |     | HK$        |                     |     | US$ (Note 2(e)) |         |
|                                                              |     |     |                         |     | -Unaudited |                     |     | -Unaudited      |         |
| Deferred revenue (Contract liabilities), current portion     |     |     |              18,575,792 |     |            |           4,274,505 |     |                 | 548,013 |
| Deferred revenue (Contract liabilities), non-current portion |     |     |                  10,000 |     |            |               2,500 |     |                 |     321 |
|                                                              |     |     |              18,585,792 |     |            |           4,277,005 |     |                 | 548,334 |

Contract liabilities consist of deferred revenue,
which represents billings or cash received in advance of revenue recognition for services that have yet to be performed or for performance
obligations that have yet to be satisfied. Deferred revenue is recognized as revenue once the Company satisfies the performance obligations
under the contract, which typically involves the delivery of