Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 33

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 33
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RC has recently promulgated new rules that require companies collecting or holding
large amounts of data to undergo a cybersecurity review prior to listing in foreign countries, a move that will significantly tighten
oversight over China-based internet giants. The Measures for Cybersecurity Review (2021 version) was promulgated on December 28, 2021
and became effective on February 15, 2022. These measures specify that any “online platform operators” controlling the personal
information of more than one million users which seek to list on a foreign stock exchange are subject to prior cybersecurity review.

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To
the best of our knowledge, on the basis that the Company does not have any business operations in mainland China, the Business Combination
is not subject to the review or prior approval of the CAC or the CSRC and we and our subsidiaries are not covered by such permissions
requirements. Uncertainties still exist, however, due to the possibility that laws, regulations, or policies in the PRC could change
rapidly in the future. Any future action by the PRC government expanding the categories of industries and companies whose foreign securities
offerings are subject to review by the CSRC or the CAC could significantly limit or completely hinder our ability to offer or continue
to offer securities to investors and could cause the value of such securities to significantly decline or become worthless.

U. S.
regulatory bodies may be limited in their ability to conduct investigations or inspections of our Hong Kong subsidiaries.

Any
disclosure of documents or information located in China by foreign agencies may be subject to jurisdiction constraints and must comply
with China’s state secrecy laws, which broadly define the scope of “state secrets” to include matters involving economic
interests and technologies. There is no guarantee that requests from U. S. federal or state regulators or agencies to investigate or inspect
our Hong Kong subsidiaries could be honored by us, by entities who provide services to us or with whom we associate in China, without
violating PRC legal requirements.

You
may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing original actions in Hong Kong,
based on United States or other foreign laws, against us, our directors, executive officers or experts named in this prospectus. Therefore,
you may not be able to enjoy the protection of such laws in an effective manner.

The
Company is a Cayman Islands company. The Company currently conducts a portion of its operations in Hong Kong and has assets that are
located in Hong Kong