Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 14

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 14
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the long term.

We
expect our costs to increase in future periods, which could negatively affect our future operating results. In particular, in 2025, we
plan to continue to invest for future growth, and as a result we do not expect to be profitable on a GAAP basis in 2025. We expect to
continue to expend substantial financial and other resources on:

  our                                                                                                                                
  product                                                                                                                            
  sales                                                                                                                              
  international                                                                                                                      
  general                                                                                                                            

These
investments may not result in the generation of revenue, or in increased revenue or growth in our business. If we fail to generate and then grow our revenue and overall business, our operating results and business would be harmed.

We
expect to face increasing competition in the market for online professional networks from social networking sites and Internet search
companies, among others, as well as continued competition for users of our hiring and marketing solutions.

We
face significant competition in all aspects of our business, and we expect such competition to increase, particularly in the market for
online professional networks.

Our
industry is evolving rapidly and is becoming increasingly competitive.

Larger
and more established companies may focus on our market and could directly compete with us. Smaller companies, including application
developers, could also launch new products and services that compete with us and that could gain market acceptance quickly. We also
expect our existing competitors in the market for online real estate solutions to continue to focus on these areas. A number of
these companies may have greater resources than us, which may enable them to compete more effectively. Additionally, users of social
networks may choose to use, or increase their use of, those networks for their real estate activities, which may result in those
users decreasing or eliminating their use of Real Messenger mobile application. Companies that currently focus on social networking could also expand
their focus to professionals. We and other companies have historically established alliances and relationships with some of these
companies to allow broader exposure to users and access to data online. We may also, in the future, establish alliances or
relationships with other competitors or potential competitors. To the extent companies terminate such relationships and establish
alliances and relationships with others, our business could be harmed. Specifically, we compete for users, enterprises and
professional organizations as discussed below.

  13  

The
market for online solutions focused on real estate is established (in terms of widespread interest by industry participants and solutions)
and yet rapidly evolving (in terms of changes in features offered).