Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 41

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 41
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 Through this partnership, Evolve
will drive commercial engagements for SIMPPLE in the European region. There were other Memorandums of Understanding (“ MOUs”)
signed between facilities management operators and software providers, with the intent of driving revenue for both parties as part of
a win-win relationship.

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  Table of Contents  

Acquisition
Opportunities

We
also intend to pursue suitable inorganic growth opportunities such as acquisitions to either expand our suite of solutions in the facilities
management space or expand our customer base to drive revenue growth. For example, potential acquisitions or strategic investment targets
may include: (1) system integrators with a large customer user base in the facilities management sector, (2) companies that the Company
can vertically or horizontally integrate with to bring more value to property developers and facility owners or (3) distributors of robotic
or IoT resources serving the facilities management space. We may also acquire or team up with companies that provide complementary services
in new markets segments such as those described above. We believe that building up a comprehensive suite of facilities services technologies
will enable us to maintain our competitive edge and attract building owners to adopt our integrated and holistic solution.

Align
closely with Singapore government’s Industry Transformation Roadmap

The
facilities management industry is rapidly transforming due to a wide range of applications that can now be addressed by the growing availability
of cost-effective technologies such as IoT devices, building information modeling, surveillance cameras, among others; and these new
technologies have become more easily accessible to the market. However, the Company has observed a lack of a singular A. I.-driven platform
that harnesses the power of various technologies and can be applied to resolve issues that were never thought possible just a few years
before.

From
our inception, we have understood the importance of being at the core of the industry so that we can be a key enabler of transformation
from within. We achieved this by being involved in relevant industry-leading forums organized by industry trade associations and various
sector-led government agencies. Our active contributions to the industry have made us a recognizable technology provider in Singapore
as evidenced by the technology trials, innovation grant awards and press that we have been featured in. Such government grant awards
(“ Innovation Grants”) include the Enterprise Development Grants awarded to Gaussian Robotics Pte. Ltd. and SIMPPLE Pte. Ltd.
by Enterprise Singapore as well as Advanced Digital Solutions grant awarded to IFSC Pte. Ltd. by the InfoComm Media Development