Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 261

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 261
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1) specific categories
in the rate reconciliation, (2) additional information for reconciling items that are equal to or greater than 5% of the amount computed
by multiplying income(or loss) from continuing operations before income tax expense (or benefit) by the applicable statutory income tax
rate, (3) income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes, with foreign taxes
disaggregated by individual jurisdictions in which income taxes paid is equal to or greater than 5% of total income taxes paid, (4) income
(or loss) from continuing operations before income tax expense (or benefit)disaggregated between domestic and foreign, and (5) income
tax expense (or benefit) from continuing operations disaggregated between federal (national), state and foreign. The guidance is effective
for fiscal year 2025 annual reporting, with early adoption permitted, to be applied on a prospective basis, with retrospective application
permitted. We do not expect the adoption of this accounting standard to have an impact on our unaudited condensed consolidated
financial statements but will require certain additional disclosures.

Except as mentioned above, the Company does not believe
other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s
unaudited condensed consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.

3. CONCENTRATION OF RISKS

(a) Political, social and economic risks

The main operations of the Company are located in
Hong Kong. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political,
economic, and legal environments in Hong Kong, as well as by the general state of the economy in Hong Kong. The Company’s results
may be adversely affected by changes in the political, regulatory and social conditions in Hong Kong. Although the Company has not experienced
losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and
structure disclosed in Note 1, such experience may not be indicative of future results.

The Company’s business, financial condition
and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics
and other catastrophic incidents, which could significantly disrupt the Company’s operations.

(b) Interest rate risk

The Company is exposed to interest rate risk on its
interest-bearing assets and liabilities. As part of its asset and liability risk management, the