Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 26

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 26
---

meeting from 2024 onwards.

We
qualify as a foreign private issuer and, as a result, we are not subject to U. S. proxy rules and are subject to Exchange Act
reporting obligations that permit less detailed and less frequent reporting than that of a U. S. domestic public company.

We
report under the Exchange Act as a non-U. S. company with foreign private issuer status. Because we qualify as a foreign private
issuer under the Exchange Act, we are exempt from certain provisions of the Exchange Act that are applicable to U. S. domestic
public companies, including (i) the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations
in respect of a security registered under the Exchange Act; (ii) the sections of the Exchange Act requiring insiders to
file public reports of their stock ownership and trading activities and liability for insiders who profit from trades made in a short
period of time; and (iii) the rules under the Exchange Act requiring the filing with the SEC of quarterly reports on Form 10-Q
containing unaudited financial and other specified information, or current reports on Form 8-K upon the occurrence of specified
significant events. In addition, our officers, Directors and principal Shareholders are exempt from the reporting and “short-swing”
profit recovery provisions of Section 16 of the Exchange Act and the rules thereunder. Therefore, our Shareholders may not
know on a timely basis when our officers, Directors and principal Shareholders purchase or sell our Shares. In addition, foreign private
issuers are not required to file their annual report on Form 20-F until one hundred twenty (120) days after the end of each
fiscal year, while U. S. domestic issuers that are accelerated filers are required to file their annual report on Form 10-K
within seventy-five (75) days after the end of each fiscal year. Foreign private issuers also are exempt from Regulation Fair
Disclosure, aimed at preventing issuers from making selective disclosures of material information. As a result of the above, you may
not have the same protections afforded to shareholders of companies that are not foreign private issuers.

If
we lose our status as a foreign private issuer, we would be required to comply with the Exchange Act reporting and other requirements
applicable to U. S. domestic issuers, which are more detailed and extensive than the requirements for foreign private issuers. We
may also be required to make changes