Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 95

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 10
Chunk 95
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 stock as part of a straddle, hedging, conversion or other integrated transaction;                                                        
  persons whose functional currency is not the U. S. dollar;                                                                                               
  passive foreign investment companies;                                                                                                                    
  controlled foreign corporations;                                                                                                                         
  persons that actually or constructively own 5% or more of the total combined voting power of all classes of our voting stock; or                         
  partnerships or other entities taxable as partnerships for U. S. federal income tax purposes, or persons holding Ordinary Shares through such entities.  

PROSPECTIVE
INVESTORS ARE URGED TO CONSULT THEIR OWN TAX ADVISORS REGARDING THE APPLICATION OF U. S. FEDERAL TAXATION TO THEIR PARTICULAR CIRCUMSTANCES,
AND THE STATE, LOCAL, NON-U. S., OR OTHER TAX CONSEQUENCES OF THE OWNERSHIP AND DISPOSITION OF OUR ORDINARY SHARES.

For
purposes of this discussion, a “ U. S. Holder” is a beneficial owner of our Ordinary Shares that is, for U. S. federal income
tax purposes:

  an individual who is a citizen or resident of the United States;                                                                                                                                      
  a corporation (or other entity taxable as a corporation for U. S. federal income tax purposes) created or organized in the United States or under the laws of the United States, any state thereo...  
  an estate, the income of which is subject to U. S. federal income taxation regardless of its source; or                                                                                               
  a trust that (1) is subject to the primary supervision of a court within the United States and the control of one or more U. S. persons for all substantial decisions, or (2) has a valid electio...  

If
a partnership (or other entity treated as a partnership for U. S. federal income tax purposes) is a beneficial owner of our Ordinary Shares,
the tax treatment of a partner in the partnership will generally depend upon the status of the partner and the activities of the partnership.
Partnerships holding our Ordinary Shares and their partners are urged to consult their tax advisors regarding an investment in our Ordinary
Shares.

Taxation
of Dividends and Other Distributions on Ordinary Shares

Subject
to the discussion below under “ Passive Foreign Investment Company Rules,” any cash distributions (including the amount
of any UK tax withheld) paid on our Ordinary Shares out of our current or accumulated earnings and profits, as determined under U. S.
federal income tax principles, will generally be includ