Company: CHOW
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001641172-25-026148
Chunk: 205

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-02
Form: F-1/A
Chunk 205
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 is recognized over the contract term for service contracts, or at a point in time when a significant milestone is reached. |

The timing of revenue recognition depends on the specific contract terms and may vary based on the type of service provided and the method of measuring progress, such as output methods (e.g., deliverables completed).

Revenue to be Recognized in Future Periods

As of December 31, 2024, the Company expects to recognize most of its contract liabilities as revenue in the next financial year, as performance obligations are fulfilled. However, the actual timing of revenue recognition may be impacted by factors such as changes in customer requirements, delays in project execution, or other uncertainties. The Company regularly assesses its contract liabilities and adjusts revenue recognition estimates as necessary.

6. PREPAYMENT AND OTHER CURRENT ASSETS, NET AND OTHER NON-CURRENT ASSETS, NET

Prepayment and other current assets, net consisted of the following as of December 31, 2023 and 2024:

|                               |     |              As 
 of December 31, |            |     |      |            |     |             |           |
|                               |     |            2023 |            |     | 2024 |            |     |             |           |
|                               |     |             HK$ |            |     |  HK$ |            |     | US$         
 (Note 2(e)) |           |
| Prepayment                    
 and other current assets, net |     |                 |            |     |      |            |     |             |           |
| Advances                      
 to suppliers (i)              |     |                 | 11,593,320 |     |      | 10,585,100 |     |             | 1,357,064 |
| Prepaid                       
 marketing expenses (ii)       |     |                 |          - |     |      |    719,286 |     |             |    92,216 |
| Other                         
 deposit                       |     |                 |      3,850 |     |      |      3,850 |     |             |       494 |
|                               |     |                 | 11,597,170 |     |      | 11,308,236 |     |             | 1,449,774 |

Other non-current assets, net consisted of the following as of December 31, 2023, and December 31, 2024:

|                         |     |              As 
 of December 31