ChowChow Cloud Sets October 30 Deadline For Payment Of $500,000 For Its Previously Announced Private Placement Of 862,069 Ordinary Shares At $0.58/Share; Warns Of Termination

ChowChow Cloud International Holdings Limited ("Chowchow", the "Company") (NYSE:CHOW) today provided an update regarding its previously announced private placement.

As previously disclosed, on June 16, 2026, the Company entered into a securities purchase agreement (the "Securities Purchase Agreement") with an investor for the issuance and sale of 862,069 ordinary shares at $0.58 per share, for an aggregate purchase price of US$500,000.

As of October 21, 2026, the Company has not received the full purchase price required to close the transaction. The Company has informed the investor that, unless the outstanding balance is paid in full by October 30, 2026, the Company will terminate the Securities Purchase Agreement.

As of October 21, 2026, the transaction has not closed, and no ordinary shares have been issued pursuant to the Securities Purchase Agreement.