Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 65

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 65
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 brokerage platforms, listing portals, and social media networks. As we seek to close
our initial acquisition and then scale our business across international markets, we expect to face intense competition for
brokerage talent, local market share, and technology leadership.

Despite
this competition, we believe our vertically integrated model - combining proprietary technology, M& A-led geographic
expansion, and centralized platform services - will position the Company to attract and retain productive agents and brokerage
teams for the full duration of their careers.

Brokerage
Industry Competition -

Our
advantage lies in our confidence in our ability to acquire and scale brokerage operations globally while offering agents a unified
technology platform that enhances productivity, automates administrative tasks, and amplifies their brand presence. We believe
agents and teams increasingly seek platforms that reduce operational complexity, offer centralized support, and provide tools to win
and close more business. Our value proposition - designed to improve net income per agent through digital
leverage - differentiates us in a highly commoditized brokerage market.

We
also offer agents and team leaders in our future acquired companies long-term alignment via participation in a larger technology
ecosystem with greater upside than traditional brokerage models can offer.

  45  

Traditional
Property Listing Platforms

We
take a fundamentally different approach. Rather than charging agents to compete for visibility or leads, we operate as a vertically
integrated brokerage network, enabling agents to own the relationship with future clients while equipping them with powerful
marketing and transaction tools. Our platform reduces friction, eliminates advertising gatekeeping, and increases margins for agents
by enabling more efficient workflows and data-driven prospecting.

Social
Networks

While
agents may continue to use general-purpose social networks for brand awareness, we offer a purpose-built platform where
real estate professionals can build their brand, manage transactions, and connect with clients within a platform optimized for their
needs. Our long-term goal is to consolidate these workflows into a single environment, reducing the need for agents to rely on multiple
third-party tools.

Government
Regulation

We
are subject to a number of foreign and domestic laws and regulations that affect companies conducting business on the Internet, as well
as those utilizing AI, many of which are still evolving. Currently, the United States does not have a comprehensive legal framework to
regulate AI’s development and use, and could be interpreted in ways that could harm our business.

Both
within the United States and abroad, laws relating to the liability of providers of online services for activities of their users and