Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 196

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 196
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 Products with IT Professional Services (e.g., Setup, Development, Customization, or Integration Services)

Nature of Promises & Intended Benefit to the Customer

In contracts where the Company provides software, the software delivers core processing and operational capabilities to the customer. However, in many cases, the software requires customization, configuration, and integration to be compatible with the customer’s existing IT environment. IT professional services ensure that the software is properly deployed, customized, and integrated to meet the customer’s specific business processes.

Assessment of Interdependency and Significant Effect on Utility

The Company has determined that software and IT professional services are not separately identifiable because:

| ● | The                                                                                             
 software, on its own, may not provide full functionality without customization and integration. |
| ● | IT                                                                                              
 professional services significantly modify the software, ensuring it is operational in the      
 customer’s IT ecosystem.                                                                        |
| ● | Per                                                                                             
 BC33(b), IT professional services create a combined deliverable, rather than separate outputs.  |

Why IT Professional Services Are an Input to the Combined Output

The Company considered the following factors in determining that IT professional services are an input to a combined output:

| ● | Level                                                                                          
 of Integration: IT professional services ensure that the software is fully functional          
 within the customer’s system.                                                                  |
| ● | Modification                                                                                   
 & Customization: IT professional services tailor the software to meet customer-specific        
 requirements.                                                                                  |
| ● | Customer                                                                                       
 Dependency: The customer cannot deploy or use the software effectively without IT professional 
 services ensuring proper implementation.                                                       |

Revenue Recognition Conclusion

Since the software and IT professional services are highly interdependent and form a single performance obligation, revenue is recognized at a point in time when the fully customized and integrated software solution is delivered and accepted by the customer.

| F-14 |

3. Sale of Hardware, Software, and IT Application Products with IT Professional Services

Nature of Promises & Intended Benefit to the Customer

In contracts where the Company provides a combination of hardware, software, and IT professional services, each element works together to create a fully integrated IT system. The customer expects a turnkey solution, rather than individual components that must be assembled separately.

Assessment of Interdependency and Significant Effect on Utility

The Company has determined that none of the promises are distinct from each other, as they are highly interdependent and interrelated because:

| ● | Hardware                                                                                           
 requires software to operate, and software requires IT services for customization and integration. |
| ● | IT