Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 12

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 12
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 companies and their agents from making improper payments or offers of payments
for the purpose of obtaining or retaining business. We may conduct business in countries and regions that are generally recognized as
potentially more corrupt business environments. Activities in these countries create the risk of unauthorized payments or offers of payments
by one of our employees or agents that could be in violation of various anti-corruption laws, including the United States Foreign
Corrupt Practices Act (the “ FCPA”) and the Singapore Prevention of Corruption Act 1960 (the “ POCA”). We have
implemented safeguards and policies to discourage these practices by our employees and agents but we cannot provide assurance that our
internal controls and compliance systems will always protect us from acts committed by our employees or agents. If our employees or agents
violate our policies or we fail to maintain adequate record keeping and internal accounting practices to accurately record our transactions,
we may be subject to regulatory sanctions. Violations of the FCPA POCA or other anti-corruption laws, or allegations of any such acts,
could damage our reputation and subject us to civil or criminal investigations in the United States and in other jurisdictions.
Those and any related shareholder lawsuits could lead to substantial civil and criminal, monetary and nonmonetary penalties and cause
us to incur significant legal and investigatory fees which could adversely affect our business, combined financial condition and results
of operations.

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Any
inability by us to consummate and effectively integrate acquisitions into our business operations may adversely affect our results of
operations.

We
may in the future invest time and resources into carefully assessing opportunities for acquisitions and/or strategic investments, and
we continue to evaluate potential acquisition opportunities to support, strengthen and grow our business, including potentially in the
near term. For example, potential acquisition or strategic investment targets may include: (1) companies with deep technical capabilities
in artificial intelligence, vision analytics and computer visioning, (2) companies with a large customer user base in the facilities
management sector, (3) companies that the Company can vertically or horizontally integrate with to bring more value to property developers
and facility owners and (4) distributors of technology and equipment in the facilities management space.

Despite
diligence and integration planning, acquisitions still present certain risks, including the time and economic costs of integrating an
acquisition’s technology, control and financial systems, unforeseen liabilities, and difficulties in bringing together different
work cultures and personnel. There can be no assurance that we will be able to