Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 24

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 24
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 or cause our borrowings
to be more expensive in the future. As such, we may be forced to pay unattractive interest rates, thereby increasing our interest expense,
decreasing our profitability and reducing our financial flexibility if we take on additional debt financing.

We
may not be able to pay dividends in the future.

Subject
to the Companies Act and our memorandum and articles of association, our Board of Directors has complete discretion as to whether to
declare and distribute dividends. Our ability to declare dividends to our Shareholders in the future will be contingent on multiple factors,
including our future financial performance, distributable reserves of our Company, current and anticipated cash needs, capital requirements,
our ability to implement our future plans, contractual, legal and tax restrictions, regulatory, competitive, technical and other factors
such as general economic conditions, demand for and selling prices of our products and services, the ability of our subsidiaries to distribute
funds to us, and other factors exclusive to the facilities management industry. Our existing and future loan arrangements with any financial
institutions may also limit when and how much dividends we can declare and pay out. Any of these factors could have a material adverse
effect on our business, financial position and results of operations, and hence there is no assurance that we will be able to pay dividends
to our Shareholders. We currently intend to retain all available funds and any future earnings to fund the development and growth of
our business and to repay indebtedness and, therefore, we do not anticipate paying any cash dividends in the foreseeable future.

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  Table of Contents  

If
we fail to maintain applicable listing requirements, Nasdaq may delist our Shares from trading, in which case the liquidity and market
price of our Shares could decline.

Although
our Shares are listed on Nasdaq, we cannot assure you that we will be able to continue to meet the listing standards of Nasdaq in the
future. If we fail to comply with the applicable listing standards and Nasdaq delists our Shares, we and our Shareholders could face
significant material adverse consequences, including:

  a limited availability of market                                                                                                       
  reduced liquidity for our Shares;                                                                                                      
  a determination that our Shares are “penny stock”,                                                                                     
  a limited amount of news about us and analyst coverage                                                                                 
  a decreased ability for us to issue additional equity                                                                                  

The
National Securities Markets Improvement Act of 1996, which is a federal statute, prevents or pre-empts the states from regulating