Company: CHOW
Filing Date: 2025-09-16
Form Type: 424B4
Source: 0001493152-25-013607
Chunk: 18

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-16
Form: 424B4
Chunk 18
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es-Oxley Act of 2002 in the assessment of the emerging growth company’s internal control over financial reporting. The JOBS Act also provides that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards. We will remain an emerging growth company until the earliest of (a) the last day of the fiscal year during which we have total annual gross revenue of at least US$1.235 billion; (b) the last day of our fiscal year following the fifth anniversary of the completion of this offering; (c) the date on which we have, during the preceding three-year period, issued more than US$1.0 billion in non-convertible debt; or (d) the date on which we are deemed to be a “large accelerated filer” under the Exchange Act, which would occur if the market value of the Ordinary Shares that are held by non-affiliates exceeds US$700 million as of the last business day of our most recently completed second fiscal quarter. Once we cease to be an emerging growth company, we will not be entitled to the exemptions provided in the JOBS Act discussed above. Implications of Being a Controlled Company Upon completion of this offering, Rainbow Sun Enterprises Limited will have 69.68% of the total voting power of our then outstanding Ordinary Shares, assuming the underwriter does not exercise its over-allotment option, or 68.91% of the total voting power of our then outstanding Ordinary Shares if the underwriter exercises its over-allotment option in full. As a result, we will expect to be a “controlled company” within the meaning of NYSE American Company Guide. For so long as we remain a “controlled company,” we are permitted to elect not to comply with certain corporate governance requirements, including:

| ● | the                                                                                                                              
 requirement that our director nominees be selected or recommended solely by independent directors; and                           |
| ● | the                                                                                                                              
 requirement that we have a nomination committee and a compensation committee that are composed entirely of independent directors 
 with a written charter addressing the purposes and responsibilities of the committees.                                           |

If we rely on these exemptions, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Although we currently do not intend to rely on the “controlled company” exemptions under NYSE American Company Guide even if we are deemed a controlled company, we could elect to rely