Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 30

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 30
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 liability to pay a     

  (c)      is final;                                                       
  (d)      is not in respect of taxes, a fine or a penalty;                
  (e)      was not obtained by fraud; and                                  
  (f)      is not of a kind the enforcement of which is contrary           

Subject
to the above limitations, in appropriate circumstances, a Cayman Islands court may give effect in the Cayman Islands to other kinds of
final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions.

Moreover,
while under Delaware law, controlling shareholders owe fiduciary duties to the companies they control and their minority shareholders,
under Cayman Islands law, our controlling shareholders do not owe any such fiduciary duties to our company or to our minority shareholders.
Accordingly, our controlling shareholders may exercise their powers as shareholders, including the exercise of voting rights in respect
of their shares, in such manner as they think fit.

Shareholders
of Cayman Islands exempted companies like us have no general rights under Cayman Islands law to inspect corporate records (other than
the memorandum and articles of association) or to obtain copies of lists of shareholders of these companies. Our Directors have discretion
under our amended memorandum and articles of association to determine whether or not, and under what conditions, our corporate records
may be inspected by our shareholders, but are not obliged to make them available to our shareholders unless required by the Companies
Act of the Cayman Islands or other applicable law or authorized by the Directors or by ordinary resolution. This may make it more difficult
for you to obtain the information needed to establish any facts necessary for a shareholder motion or to solicit proxies from other shareholders
in connection with a proxy contest.

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  Table of Contents  

Certain
corporate governance practices in the Cayman Islands, which is our home country, differ significantly from requirements for companies
incorporated in other jurisdictions such as the United States. Currently, we do not plan to rely on home country practices with respect
to any corporate governance matter. To the extent we choose to follow home country practices with respect to corporate governance matters,
our shareholders may be afforded less protection than they otherwise would under rules and regulations applicable to U. S. domestic issuers.

As
a result of all of the above, our public shareholders may have more difficulty in protecting their interests in the face of actions taken
by our management, members of our Board of Directors or controlling shareholders than they would as public shareholders