Company: CHOW
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001641172-25-026148
Chunk: 199

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-02
Form: F-1/A
Chunk 199
---
 |      |     |  HK$ |             |     | US$         
 (Note 2(e)) |            |     | % |      |
| Hong                                             
 Kong                                             |     |                              | 128,519,292 |     |   | 90.9 |     |      | 144,495,457 |     |             | 18,525,058 |     |   | 79.5 |
| Singapore                                        |     |                              |  10,090,715 |     |   |  7.1 |     |      |  33,751,584 |     |             |  4,327,126 |     |   | 18.5 |
| Others,                                          
 including Philippines, Macau, Japan and Malaysia |     |                              |   2,762,351 |     |   |  2.0 |     |      |   3,583,085 |     |             |    459,370 |     |   |  2.0 |
|                                                  |     |                              | 141,372,358 |     |   |  100 |     |      | 181,830,126 |     |             | 23,311,554 |     |   |  100 |

(w) Recent accounting pronouncements

ASC 326 (Credit Losses): In May 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-05 as an update to ASU 2016-13, Financial Instruments — Credit Losses (Topic 326). ASU 2016-13 introduced the expected credit losses methodology for measuring credit losses on financial assets measured at amortized cost, replacing the incurred loss model. This update also modified the accounting for available-for-sale debt securities, requiring individual assessment of credit losses when the fair value is less than the amortized cost. The Company irrevocably elected the fair value option for certain financial assets to align with the transition relief provided by ASU 2019-05. The Company adopted this standard effective April 1, 2022, for annual and interim reporting periods beginning January 1, 2023, in line with the delayed effective date for non-public entities as provided by ASU 2019-10. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

| F-22 |

ASC 280 (Segment Reporting): In November 2023