Company: CHOW
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001641172-25-025146
Chunk: 154

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-08-22
Form: F-1/A
Chunk 154
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 will generally be treated as U.S. source income or loss for foreign tax credit limitation purposes, which may limit the availability of foreign tax credits. Each U.S. Holder is advised to consult its tax advisor regarding the tax consequences if a foreign tax is imposed on a disposition of the Ordinary Shares, including the availability of the foreign tax credit under its particular circumstances.

Passive Foreign Investment Company Rules

If we are a PFIC for any taxable year during which a U.S. Holder holds the Ordinary Shares, and unless the U.S. Holder makes a mark-to-market election (as described below), the U.S. Holder will generally be subject to special tax rules on (i) any excess distribution that we make to the U.S. Holder (which generally means any distribution paid during a taxable year to a U.S. Holder that is greater than 125 percent of the average annual distributions paid in the three preceding taxable years or, if shorter, the U.S. Holder’s holding period for the Ordinary Shares), and (ii) any gain realized on the sale or other disposition including, under certain circumstances, a pledge, of Ordinary Shares. Under the PFIC rules:

| ● | the                                                                                  
 excess distribution or gain will be allocated ratably over the U.S. Holder’s holding 
 period for the Ordinary Shares;                                                      |

| ● | the                                                                                       
 amount allocated to the current taxable year and any taxable years in the U.S. Holder’s   
 holding period prior to the first taxable year in which we are a PFIC (each, a “pre-PFIC  
 year”) will be taxable as ordinary income; and                                            |
| ● | the                                                                                       
 amount allocated to each prior taxable year, other than a pre-PFIC year, will be subject  
 to tax at the highest tax rate in effect for individuals or corporations, as appropriate, 
 for that year, increased by an additional tax equal to the interest on the resulting tax  
 deemed deferred with respect to each such taxable year.                                   |

If we are a PFIC for any taxable year during which a U.S. Holder holds the Ordinary Shares, and any of our subsidiaries is also a PFIC (a “lower-tier PFIC”), such U.S. Holder would be treated as owning a proportionate amount (by value) of the shares of the lower-tier PFIC for purposes of the application of these rules. U.S. Holders are urged to consult their tax advisors regarding the application of the PFIC rules to any of our subsidiaries.

U.S. Holder that holds