Overview

A class action lawsuit has been filed against ChowChow Cloud International Holdings Limited (“CHOW” or the “Company”) (NYSE : CHOW) and certain of the Company’s senior executive officers alleging violations of the federal securities laws. The CHOW lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired CHOW securities between September 16, 2025, and December 10 2025, inclusive (the “Class Period”). Investors have until May 12, 2026, to seek appointment as lead plaintiff of the CHOW class action lawsuit.

CHOW is a holding company incorporated in the Cayman Islands with operations conducted by indirect wholly-owned subsidiary, Sereno Cloud Solutions HK Limited in Hong Kong, a special administrative region of the People’s Republic of China. The Company is purportedly a pioneer in providing one-stop cloud solutions that support companies across the IT industry value chain throughout their entire cloud transformation journey from consulting, deployment, and migration to cloud environmental building and management.

The complaint alleges that Defendants failed to disclose to investors that: (1) CHOW was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals; (2) CHOW’s public statements and risk disclosures omitted any mention of the realized risk of fraudulent trading or market manipulation used to drive the Company’s stock price; (3) that, as a result, CHOW securities were at unique risk of a sustained suspension in trading by NYSE American and severe volatility-induced decline; (4) that the sole underwriter on the IPO, Tiger Securities, had been fined and censured by the Financial Industry Regulatory Authority (“FINRA”) in April 2025 for failing to have a reasonable system in place to identify potentially suspicious deposits of low-priced securities; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.

The truth was revealed on December 10, 2025.  At approximately 11:05 AM EST, a surge of sell orders and volume of approximately 360,000 caused the price of CHOW ordinary shares to plummet from $11.95 per share to $10.59 per share in a span of mere minutes. At 11:07 AM EST, NYSE American halted CHOW ordinary shares from trading due to volatility.

The halt remained in effect until 12.37 PM EST when the stock reopened for trading at the price of approximately $1.00 per share. NYSE American halted CHOW ordinary shares for a second time from 3:44 PM EST until 3:49 PM EST before ultimately closing at $1.83 per share, a single day loss of 84.3%. On this date, CHOW ordinary shares experienced just under 13.5 million in daily trading volume, a float turnover ratio of 4.51.

Then, on December 11, 2025, the Company issued a press release, stating that “the Company had become aware of unusual trading activity in its ordinary shares on the [NYSE American] on December 10 and December 11, 2025.” CHOW also stated that it “made inquiries and has been unable to determine whether corrective actions are appropriate at this time.” The Company then announced “that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action.”

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If you purchased or otherwise acquired CHOW securities between September 16, 2025, and December 10, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the CHOW class action lawsuit is May 12, 2026.