Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 29

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 29
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Any
administrative and court proceedings in China may be protracted, resulting in substantial costs and diversion of resources and management
attention. Since PRC administrative and court authorities have significant discretion in interpreting and implementing statutory and
contractual terms, it may be more difficult to evaluate the outcome of administrative and court proceedings and the level of legal protection
we enjoy than in more developed legal systems. These uncertainties may impede our ability to enforce the contracts we have entered into
and could materially and adversely affect our business, financial condition and results of operations.

The
PRC government has significant oversight and discretion over the conduct of a PRC company’s business and may intervene with or
influence its operations at any time as the government deems appropriate to further regulatory, political and societal goals. The PRC
government has recently published new policies that significantly affected certain industries such as the education and internet industries,
and we cannot rule out the possibility that it will in the future release regulations or policies regarding any industry that could adversely
affect the business, financial condition and results of operations of our Hong Kong subsidiaries. Uncertainties regarding the enforcement
of laws and the fact that rules and regulations in China can change quickly with little advance notice, along with the risk that the
Chinese government may intervene or influence our operations at any time, could result in a material change in our operations and/or
the value of Company’s securities.

  22  

If
the Chinese government were to impose new requirements for approval from the PRC authorities to issue Company’s securities to foreign
investors or list on a foreign exchange, such action could significantly limit or completely hinder our ability to offer or continue
to offer securities to investors and cause the value of such securities to significantly decline or become worthless.

The
General Office of the Central Committee of the Communist Party of China and the General Office of the State Council jointly issued the
“ Opinions on Severely Cracking Down on Illegal Securities Activities According to Law,” or the Opinions, which were made
available to the public on July 6, 2021. The Opinions emphasized the need to strengthen the administration over illegal securities activities,
and the need to strengthen the supervision over overseas listings by Chinese companies. We have been closely monitoring regulatory developments
in China regarding any necessary approvals from the CSRC or other PRC governmental authorities required for overseas listings, including
the Business Combination.

The
Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or the “ M& A