Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 262

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 262
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40.2 |     |            | 13,535,574 |     |   | 13.8 |
| Company S |     |                                   | 25,300,000 |     |   | 28.4 |     |            |  9,885,000 |     |   | 10.1 |
| Company C |     |                                   |          - |     |   |    - |     |            | 18,993,000 |     |   | 19.3 |

The following customers accounted for 10% or more
of the Company’s gross accounts receivable as of December 31, 2023 and June 30, 2024:

|           |     |     | As of December 31, 2023 |     |   |      |     |            | As of June 30, 2024 |     |   |      |
|:----------|:----|:----|------------------------:|:----|:--|-----:|:----|:-----------|--------------------:|:----|:--|-----:|
|           |     | HK$ |                         |     | % |      |     | HK$        |                     |     | % |      |
|           |     |     |                         |     |   |      |     | -Unaudited |                     |     |   |      |
| Company A |     |     |               2,752,597 |     |   | 17.0 |     |            |           3,027,097 |     |   | 19.8 |
| Company C |     |     |               2,340,000 |     |   | 14.5 |     |            |                   - |     |   |    - |
| Company B |     |     |                       - |     |   |    - |     |            |           2,141,100 |     |   | 13.8 |

There were two and three suppliers from whom purchases,
or service costs individually represent greater than 10% of the total cost of revenue of the Company for the six months ended June 30,
2023 and 2024, respectively. The total cost of revenue from these suppliers accounted for approximately 72.5% and 88.1% of the Company’s
total cost of revenue for the six months ended June 30, 2023 and 2024, respectively. There were three