Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 50

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 50
---
  conversion cycle typically takes 5 to 6 months, with one-off expense on hardware purchases, one-time professional set-up and installation  
  fees, and recurring subscription fee per user license and camera connectivity respectively.                                                
  SIMPPLE Integrate – Sales conversion cycle                                                                                                 
  typically takes 6 months, with one-off expense on hardware purchases, one-time professional set-up and installation fees, and recurring    
  connectivity fees.                                                                                                                         
  SIMPPLE Compute - Sales conversion cycle typically                                                                                         
  takes 9 months, with one-time professional set-up and installation fees and recurring user license fees. This revenue model is also        
  one that emphasizes on liability reduction where the Company partakes in a cost-savings sharing model on the reduction of insurance        
  premiums, if that sums exceeds the SaaS user licensing cost per building.                                                                  
  SIMPPLE Evolve - Sales conversion cycle typically                                                                                          
  takes 2 to 3 months, with one-time professional services for project set-up, testing, training and commissioning and a recurring           
  SaaS user license subscription fee. This model ensures cash flow optimization while minimizing ongoing contractual administration.         
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Building
owners are the key customer target segment for SIMPPLE A. I. as they would want to look at automating workflows and streamline operational
inefficiencies while looking at ways to bring its net asset value up with sustainability and/or net zero targets.

5.
SIMPPLE Consultancy Services

Building
owners are the key customer target segment for SIMPPLE Consultancy as they would want to better understand the current gaps in its facilities
and find ways to optimize cost as well as improve guest satisfaction in their space. That said, our client is not limited to building/asset
owners and extends to progressive facility management companies and building service contractors who may want to position themselves
better for contract tenders with technology adoption. In this revenue model, the Company charges per project or per billable hour of
domain expertise rendered to a feasibility or consultancy study. Other areas of consultancy include system consultation, set-up and installation
project charges, testing and commissioning fees. Sales conversion cycle could stretch between 3 to 12 months, depending on the client’s
requirements and intended end outcome.

  40  

  Table of Contents  

OUR
CONTRACTS AND PORTFOLIO

We
typically enter into Purchase Orders with clients who use our SIM