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

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 20
---
it is possible that real or perceived shortcomings in our network, or technological, regulatory or other developments, including the
failure to implement planned changes, could result in a decline in popularity and acceptance of our network.

Our
ability to do so depends in large part on the success of our sales and marketing efforts. We do not enter into long-term contracts with
our users, and even if we do in future, they would likely be terminable on short notice. We have limited historical data with respect
to rates of long-term user usage and retention, so we may not accurately predict future trends for any of these metrics.

We
must demonstrate that our real estate solutions are an important tool for participants in the relevant real estate markets, and that
our solutions provide them with access to desirable properties and to influential, affluent and highly educated audiences. However, potential
users may not be familiar with our solutions or may prefer other more traditional products and services for their real estate needs.

The rate at which we expand our
user base or increase our users’ renewal rates may decline or fluctuate because of several factors, including the prices of our
solutions, the prices of products and services offered by our competitors, reduced hiring by our users or reductions in their hiring or
marketing spending levels due to macroeconomic or other factors and the efficacy and cost-effectiveness of our solutions. If we do not
attract new users or if our users do not renew their agreements for our solutions, renew on less favorable terms, or do not purchase additional
functionality or offerings, our future revenue may grow more slowly than expected or decline.

Ultimately, attracting new users and retaining existing users requires
that we continue to provide high quality solutions that our users value. In particular, our real estate solutions users will discontinue
their purchases of our solutions if we fail to effectively connect them with the properties they seek. Therefore we must continue to demonstrate
to our users that using our solutions is the most effective and cost-efficient way to maximize their results. Even if our marketing solutions
are providing value to our users, advertisers are sensitive to general economic downturns and reductions in consumer spending, among other
events and trends, which generally results in reduced advertising expenditures and could adversely affect sales of our marketing solutions.
If we fail to provide high quality solutions and convince users of our value proposition, we may not be able to retain existing users
or attract new users, which would harm our business and operating results.

We
depend on world class talent to grow and operate our business