Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 288

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 288
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was not a party to any material legal or administrative proceedings that would require disclosure under ASC 450 (Contingencies). The
Company has established internal controls to monitor and assess the potential impact of legal and regulatory risks, and regularly consults
with external legal counsel to ensure that any developments are accounted for in accordance with U.S. GAAP.

The Company maintains insurance coverage for various
types of potential liabilities, including general liability, product liability, and director and officer liability, which management
believes is adequate to protect against the majority of potential legal claims.

The Company continually monitors developments in
its legal environment and updates its assessments regularly. If any legal proceedings are anticipated to result in a loss that is both
probable and reasonably estimable, the Company will recognize a provision for that loss in accordance with ASC 450. However, as of December
31, 2023 and June 30, 2024, no such provisions have been recognized.

Additionally, the Company does not expect any significant
contingencies in the near term that would materially impact its financial position or operations.

18. SUBSEQUENT EVENTS

The Company evaluated all subsequent events and transactions
that occurred after the balance sheet date through the date the unaudited condensed consolidated financial statements were available
to be issued. This evaluation was performed in accordance with the requirements of ASC 855 (Subsequent Events).

As part of this evaluation, the Company reviewed
all significant events occurring between the balance sheet date and the issuance date of the unaudited condensed consolidated
financial statements to determine whether any recognized subsequent events (events that provide additional evidence about conditions
that existed at the balance sheet date) or non-recognized subsequent events (events that provide evidence about conditions that arose
after the balance sheet date) required adjustment or disclosure in the unaudited condensed consolidated financial statements.

Based on this evaluation, the Company determined
that there were no subsequent events occurred that would require adjustment or disclosure in the unaudited condensed consolidated
financial statements.

| F-75 |

<div align='center'>PART II

Information Not Required In Prospectus</div>

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

Cayman Islands law does not limit the extent to which a company’s articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime.