Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 30

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 30
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 Rules

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 any registration or filing with the CSRC under the Trial Measures. However, our ability to offer, or continue to offer,
securities to investors would be potentially hindered and the value of our securities might significantly decline or become worthless,
by existing or future laws and regulations relating to its business or industry or by intervene or interruption by PRC governmental authorities,
if (i) we or our subsidiaries do not receive or maintain such filings, permissions or approvals required by the PRC government, (ii)
we inadvertently conclude that such filings, permissions or approvals are not required, (iii) applicable laws, regulations, or interpretations
change and we are required to obtain such filings, permissions or approvals in the future, or (iv) any intervention or interruption by
PRC governmental occurs with little advance notice. Since these statements and regulatory actions by the PRC government are newly published
and official guidance and related implementation rules have not been issued, it is highly uncertain how soon legislative or administrative
regulation making bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will
be modified or promulgated, if any, and the potential impact such modified or new laws and regulations will have on our daily business
operation, the ability to accept foreign investments and list on an U. S. or other foreign exchange.

According
to the Provisions of the State Council on the Administration of Overseas Securities Offering and Listing by Domestic Companies (Draft
for Comments) (the “ Administration Provisions”) and the Administrative Measures for the Filing of Overseas Securities Offering
and Listing by Domestic Companies (Draft for Comments) (the “ Measures”), only new initial public offerings and refinancings
by existing overseas listed Chinese companies will be required to go through the filing process with PRC administrations; other existing
overseas listed companies will be allowed sufficient transition period to complete their filing procedure. It is uncertain when the Administration
Provisions and the Measures will take effect or if they will take effect as currently drafted.

To
the best of our knowledge, on the basis that the Company does not have any business operations in mainland China, (1) we and our subsidiaries
are not required to obtain permission or approval from Chinese authorities to operate our business and to offer the securities being
registered to foreign investors, (2) neither we nor our subsidiaries have applied for