Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 248

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 248
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 typically
upon customer acceptance. Given the integrated nature of the deliverables, the Company cannot allocate revenue to individual components
such as hardware, software, or services.

Instead, revenue is categorized based on the
predominant characteristic of the combined deliverable. This determination considers the primary benefit to the customer, the relative
significance of each component to the contract’s objective, and the customer’s primary reason for entering the arrangement. For example,
when contracts involve a significant degree of customization and implementation services, the Company categorizes revenue as services,
as these activities represent the primary driver of value for the customer.

The following table summarizes disaggregated revenue from contracts with customers by timing of revenue:

|                                     |     | For the Six Months Ended June 30, |            |     |   |      |     |            |            |     |                 |            |     |   |      |
|                                     |     |                              2023 |            |     |   |      |     |       2024 |            |     |                 |            |     |   |      |
|                                     |     |                               HK$ |            |     | % |      |     |        HK$ |            |     | US$ (Note 2(e)) |            |     | % |      |
|                                     |     |                        -Unaudited |            |     |   |      |     | -Unaudited |            |     | -Unaudited      |            |     |   |      |
| Revenue recognized at point in time |     |                                   |            |     |   |      |     |            |            |     |                 |            |     |   |      |
| Sale of Hardware Products           |     |                                   |    572,678 |     |   |  0.6 |     |            |    200,903 |     |                 |     25,757 |     |   |  0.2 |
| IT Professional Services            |     |                                   |  3,316,725 |     |   |  3.7 |     |            |  3,137,229 |     |                 |    402,209 |     |   |  3.2 |
| Contracts with Multiple Promises    |     |                                   | 83,538,803 |     |   | 93.9 |     |            | 92,389,239 |     |                 | 11,844,774 |