Company: CHOW
Filing Date: 2025-03-19
Form Type: DRS/A
Source: 0001493152-25-010898
Chunk: 241

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-03-19
Form: DRS/A
Chunk 241
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 ensuring compliance with the relevant legal, regulatory, and contractual obligations across all markets served.

AI-Powered Proactive Cloud Managed Services:Solutions designed to monitor, manage, and optimize clients’ cloud environments using artificial intelligence for improved efficiency and reduced downtime.

IT Infrastructure Solutions:Design, implementation, and management of scalable IT infrastructure, including hardware, software, and cloud environments tailored to clients’ specific needs.

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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of presentation

The accompanying unaudited condensed
consolidated financial statements have been prepared in accordance with U.S. GAAP and the rules and regulations of the Securities and
Exchange Commission (“SEC”), including the interim financial reporting requirements under Rule 10-01(b)(8) of Regulation S-X.

In management’s opinion, these
unaudited interim financial statements include all necessary normal, recurring adjustments to fairly present the Company’s financial
position, results of operations, and cash flows for the interim periods presented.

These interim financial statements
do not contain all the disclosures required for annual financial statements and should be read in conjunction with the Company’s audited
consolidated financial statements as of and for the year ended December 31, 2023 and 2022.

Management believes that these financial
statements provide adequate disclosures to ensure the information presented is not misleading. They have been prepared using consistent
accounting policies as those applied in the audited financial statements for the fiscal year ended December 31, 2023 and 2022. Additionally,
the results of operations for the six months ended June 30, 2024, may not be indicative of the Company’s performance for the full
fiscal year.

(b) Principles of consolidation

The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany balances and transactions have been eliminated in consolidation.

(c) Use of estimates

The preparation of unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses, as well as the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements. These estimates and assumptions are evaluated regularly based on historical experience, current conditions, and reasonable and supportable forecasts of future economic conditions.

Significant accounting estimatesreflected in the Company’s unaudited condensed consolidated financial statements include, but are not limited to:

| ● | Incremental borrowing