Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 22

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 22
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, governmental agencies and industry organizations
with responsibility for regulating real estate brokerage and related professions (whether such regulation has the force of law or otherwise),
may block or limit access to our application out of concern that our solution competes with established means of marketing real estate,
and/or violates applicable law. If these entities block or limit access to our application or adopt policies restricting our users
from providing us with accurate and up-to-date information, the value of our network could be negatively impacted, which would adversely
affect our ability to offer compelling real estate solutions to our users.

Our
growth depends in part on the success of our strategic relationships with third parties.

We
anticipate that we will continue to depend on relationships with various third parties, including technology and content providers
to grow our business. Identifying, negotiating and documenting relationships with third parties require significant time and
resources, as does integrating third-party content and technology. Our agreements with technology and content providers and similar
third parties are typically non-exclusive and do not prohibit them from working with our competitors or from offering competing
services. Our competitors may be effective in providing incentives to these parties to favor their solutions or may prevent us from
developing strategic relationships with these parties. In addition, these third parties may not perform as expected under our
agreements with them, and we have had, and may in the future have, disagreements or disputes with these parties, which could
negatively affect our brand and reputation. It is possible that these third parties may not be able to devote the resources we
expect to the relationship. If we are unsuccessful in establishing or maintaining our relationships with these third parties, our
ability to compete in the marketplace or to generate or grow our revenue could be impaired, and our operating results would suffer.
Even if we are successful, these relationships may not result in improved operating results.

If
currency exchange rates fluctuate substantially in the future, the results of our operations, which are reported in U. S. dollars, could
be adversely affected.

As
we continue to expand our international operations, we become more exposed to the effects of fluctuations in currency exchange
rates. We incur expenses for employee compensation and other operating expenses in Hong Kong and in the United States (in the local
currency), and we expect that an increasing percentage of our future potential international revenue will be from users who pay us
in currencies other than the U. S. dollar. Fluctuations in the exchange rates between the U. S. dollar and those other currencies