Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 19

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 19
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 not yet developed or implemented. Increased competitive pressure
could result in a loss of sales or market share or cause us to lower prices for our products, any of which would harm our business and
operating results.

We
cannot assure you that the products we sell will continue to compete favorably or that we will be successful in the face of increasing
competition from new products and enhancements introduced by existing competitors or new companies entering the markets in which we provide
products. Our failure to compete successfully could cause our revenue and market share to decline, which would negatively impact our
results of operations and financial condition.

The
technology industry serving FM companies in Singapore is highly competitive.

Our
success in providing technology and other services to the facilities management industry will depend on our ability to compete effectively
against our competitors on factors such as pricing, quality of services, reliability, reputation and size of operations. We may face
more intensive competition in the future from existing competitors and new market entrants, who may be in a better position to expand
their market share due to their longer operating histories, larger customer base, ready access to sub-contractors, wider range of services
offered, greater financial resources or other factors. See section titled “ General Information on our Group - Our Business
Overview - Competition

In
order to expand service capacity, certain of our competitors have been exploring the use of new technology that will improve their business.
If we are unable to adapt to and acquire such advances in technology, we cannot remain competitive, and this may result in lower profit
margins and a loss of market share for our Group. There is no assurance that we will be able to compete against our competitors effectively
in the future and this could have a material and adverse effect on the business, financial condition, results of operations and prospects
of our Group.

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  Table of Contents  

Industry
consolidation may give our competitors an advantage over us, which could result in a loss of customers and/or a reduction of our revenue.

Some
of our competitors have made or may make acquisitions or enter into partnerships or other strategic relationships in order to offer more
comprehensive services or achieve greater economies of scale. In addition, new entrants not currently considered competitors may enter
our market through acquisitions, partnerships or strategic relationships. Many potential entrants may have competitive advantages over
us, such as greater name recognition, longer operating histories, more varied services and larger marketing budgets, as well as greater
financial, technical and other resources. Industry