Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 82

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 82
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 businesses of various sizes operate. Recognizing the growing need for digitization and the benefits that cloud technology could bring to businesses, our founders set out to create a company that would bridge the gap between cloud services providers and companies who seek to move to the cloud.

Our business primarily comprises (i) digital transformation consulting services consisting primarily of cloud suitability assessment, real-time resource management and strategic planning and advisory, (ii) professional IT services comprising a wide range of capabilities designed to facilitate seamless cloud integration and digital transformation, (iii) AI-powered proactive cloud managed services covering all aspects of day-to-day cloud maintenance and support, and (iv) IT infrastructure solutions covering on-premise private cloud setups and public cloud integrations, leveraging (including) our Sereno Cloud App360 AI and Data Science Platform (the “AI & Data Science Platform”).

We have experienced a substantial growth in financial performance recently. Our revenue increased by 31.4% from HK$ 107.6million in 2022 to HK$ 141.4million (US$ 18.1million) in 2023. Our net income increased by 147. 5% from HK$4.9 million in 2022 to HK$12.1 million (US$ 1. 6million) in 2023.

Key Factors that Affect Results of Operations

We believe the key factors affecting our financial condition and results of operations include the following:

| ● | We                                                                                                                      
 may fail to innovate or create new solutions which align with changing market and customer demand.                      |
| ● | Our                                                                                                                     
 business may face risks of clients’ default on payment.                                                                 |
| ● | We                                                                                                                      
 may not manage our growth effectively, and our profitability may suffer.                                                |
| ● | Our                                                                                                                     
 reputation and brand recognition is crucial to our business. Any harm to our reputation or failure to enhance our brand |
| ● | Recognition                                                                                                             
 may materially and adversely affect our business, financial condition and results of operations.                        |
| ● | Increases                                                                                                               
 in labor costs in Hong Kong may adversely affect our business and results of operations.                                |

The above does not list all the material risk factors that may affect our financial condition and results of operations. The above-mentioned risks and others are discussed in more detail in the section titled “Risk Factors.”

| 51 |

Critical Accounting Policies and Estimates

We prepare our consolidated financial statements in accordance with generally accepted accounting principles in the United States of America (“U.S.