Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 139

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 139
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$2,460,885was subject to credit risk. While management believes that these financial institutions are of high credit quality, it
also continually monitors their credit worthiness.

  (b)      Economic            

The
Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong,
as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results
of operations.

  (c)      Exchange   
           rate risk  
 ──────────────────────

The
Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post
the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit
depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political
and economic environments without notice.

16. COMMITMENTS AND CONTINGENCIES

Lease
commitments

The
Company entered into a commercial operating lease for the use of an office located in Hong Kong with terms ended 2028. The Company’s
minimum lease payment commitments under the operating leases as of March 31, 2025 is set forth in the “ Note 9 - Leases”.

Contingencies

In
the normal course of business, the Company is subject to loss contingencies, such as certain legal proceedings, claims and disputes.
The Company records a liability for such loss contingencies when the likelihood of an unfavorable outcome is probable and the amount
of loss can be reasonably estimated. Although the outcomes of these legal proceedings cannot be predicted, the Company does not believe
these actions, in the aggregate, will have a material adverse impact on its financial position, results of operations or liquidity.

17. SUBSEQUENT EVENTS

In accordance
with ASC Topic 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that
occur after the balance sheet date but before the consolidated financial statements are issued, the Company has evaluated all events or
transactions that occurred after March 31, 2025, up to the report issuance date.

Subsequently, on June 5,
2025, the Company, through Real Messenger exercised the right to convert certain promissory notes by receiving316,004shares of Class A ordinary share of the Company (see Note 7).

On May 7, 2025, the Company filed the S-8 registration