Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 269

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 269
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| Deferred revenue (Contract liabilities):    |     |                      |              |   |     |                     |             |   |     |                 |             |   |
| Balance at beginning of the year / period   |     |                      |    7,790,830 |   |     |                     |  18,585,792 |   |     |                 |   2,382,794 |   |
| Additions                                   |     |                      |  150,177,340 |   |     |                     |  82,766,958 |   |     |                 |  10,611,148 |   |
| Revenue recognized during the year / period |     |                      | (139,382,378 | ) |     |                     | (97,075,745 | ) |     |                 | (12,445,608 | ) |
| Balance at end of year / period             |     |                      |   18,585,792 |   |     |                     |   4,277,005 |   |     |                 |     548,334 |   |

|                                                              |     |     | As of December 31, 2023 |     |            | As of June 30, 2024 |     |                 |         |
|:-------------------------------------------------------------|:----|:----|------------------------:|:----|:-----------|--------------------:|:----|:----------------|--------:|
|                                                              |     | HK$ |                         |     | HK$        |                     |     | US$ (Note 2(e)) |         |
|                                                              |     |     |                         |     | -Unaudited |                     |     | -Unaudited      |         |
| Deferred revenue (Contract liabilities), current portion     |     |     |              18,575,792 |     |            |           4,274,505 |     |                 | 548,013 |
| Deferred revenue (Contract liabilities), non-current portion |     |     |                  10,000 |     |            |               2,500 |     |                 |     321 |
|                                                              |     |     |              18,585,792 |     |            |           4,277,005 |     |                 | 548,334 |

Contract liabilities consist of deferred revenue,
which represents billings or cash received in advance of revenue recognition for services that have yet to be performed or for performance
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