ChowChow Cloud International Announces It Now Received Full Total Purchase Price Of $500K Under Its Previously Announced June 16 Securities Purchase Agreement

ChowChow Cloud International Holdings Limited ("ChowChow", the "Company") (NYSE:CHOW) today provided a further 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 a result of the Company’s previously disclosed 1-for-10 reverse share split and redesignation, each approved by the Company’s shareholders at the extraordinary general meeting held on September 14, 2026 and effective October 23, 2026, the number of shares issuable under the Securities Purchase Agreement was adjusted to 86,207 Class A Ordinary Shares and the purchase price was correspondingly adjusted to US$5.80 per share.

On October 26, 2026, the Company received the outstanding balance of the purchase price payable under the Securities Purchase Agreement. Accordingly, the Company has now received the full aggregate purchase price of $500,000. The Company expects the transaction to close during the week ending October 30, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions.