{"url_path":"/sec/chow/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2041829/0001493152-26-023952-index.html","accession_number":"0001493152-26-023952","cik":"0002041829","ticker":"CHOW","issuer_name":"ChowChow Cloud International Holdings Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/2041829/0001493152-26-023952-index.html","primary_entity_key":"0002041829","primary_entity_name":"ChowChow Cloud International Holdings Ltd"},"word_count":318,"has_tables":true,"body_markdown":"**ITEM\n14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS**\n\n \n\n**14.A.\n— 14.D. Material Modifications to the Rights of Security Holders**\n\n \n\nSee\n“Item 10. Additional Information” for a description of the rights of shareholders, which remain unchanged.\n\n \n\n85\n\n \n\n \n\n**14.E.\nUse of Proceeds**\n\n \n\nIn\nthe IPO, the Company issued 2,990,000 Ordinary Shares at a price of US$4.00 per share. US Tiger Securities, Inc was the representative\nof the underwriters. The Company received gross proceeds in the amount of US$12.0 million and net proceeds of approximately US$10.9 million\nafter deducting underwriting discounts and expenses.\n\n \n\nUS\nTiger Securities, Inc., the underwriter of the IPO, notified the Company of its decision to exercise the over-allotment option to purchase\nan additional 390,000 Ordinary Shares of the Company, par value $0.0001 per share, at a price of US$4.00 per share. The closing for the\nsale of the Over-allotment Ordinary Shares took place on September 17, 2025. Gross proceeds of the Company’s sale of the\nOver-allotment Ordinary Shares, totaled approximately US$1.56 million, before deducting underwriting discounts and other related expenses.\n\n \n\nNone\nof these net proceeds from our initial public offering and the optional offering were paid, directly or indirectly, to any of our directors\nor officers or their associates, persons owning 10% or more of our equity securities or our affiliates or others.\n\n \n\nAs of the date of this annual report, the Company has used approximately\nUSS7,099,836 of the net proceeds from the initial public offering and the over-allotment exercise, including approximately US$4,720,800\nfor marketing and business development, US$1,426,087 for developing new operation systems in order to enhance our service capabilities\nand US$952,949 for working capital and general corporate purposes. The Company reallocated proceeds originally intended for potential\nmergers and acquisitions toward marketing and business development, and the development of new operating systems. This reallocation supports\nthe Company’s efforts to enhance market presence, strengthen customer acquisition capabilities, and improve operational efficiency."}