Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 232

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 232
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2014, under the Companies Ordinance as a company with limited liability. Sereno provides a broad range of IT-related services, including professional IT services, AI-powered proactive cloud-managed services and IT infrastructure solutions. Sereno’s primary operations are based in Hong Kong, serving both local and international clients across various industries, including financial services, healthcare, and retail.

The Company has completed a reorganization on October 24, 2024 following which Vigorous Elite Holdings Limited and Sereno Cloud Solution HK Limited came under the control of ChowChow Cloud International Holdings Limited.

The consolidated financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of the Company.

Description of subsidiaries incorporated and controlled by the Company

| Name                     |     | Background                       |     | Effective 
 ownership |
| Vigorous Elite Holdings  
 Limited                  |     | Investment holding               |     | 100%      |
| Sereno Cloud Solution HK 
 Limited                  |     | Principally engaged in           
 provision of IT-related services |     | 100%      |

The Company’s offerings include:

Professional IT Services:Expertise in providing customized IT strategies, project management, and ongoing technical support for digital transformation and innovation. The Company adheres to all applicable regulations and standards in its industry, including data protection and cybersecurity laws in the jurisdictions in which it operates. maintains its operations under a strong governance framework, 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.

| F-44 |

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