Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 137

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 137
---
 the valuation allowance
is generally reflected in income from operations. The future realization of the tax benefit of an existing deductible temporary difference
ultimately depends on the existence of sufficient taxable income of the appropriate character within the carryforward period available
under applicable tax law. As of March 31, 2025 and 2024, due to uncertainties surrounding future utilization on Real USA, Real Corporation
HK and Hohojo, the Company accrued full valuation allowance against the deferred tax assets based upon management’s assessment
as to their realization.

The
Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical
merits, and measures the unrecognized benefits associated with the tax positions. As of March 31, 2025 and 2024, the Company did not
have any unrecognized uncertain tax positions and the Company does not believe that its unrecognized tax benefits will change over the
next twelve months. For the years ended March 31, 2025, 2024 and 2023, the Company did not incur any interest and penalties related to
any potential underpaid income tax expenses. As of March 31, 2025, the tax years ended March 31, 2019 through March 31,2025 are subject to examination by the HK authorities
and the tax year ended December 31, 2022 through December 31, 2024 is subject to examination by the US tax authorities.

14. RELATED PARTIES

  Nature                                 

SCHEDULE
OF RELATIONSHIP WITH THE COMPANY

  Name                                             Relationship                                                
  Kwai                                             Co-founder, Chief Executive                                 
  Mui                                              Spouse of Mr. Kwai Hoi,                                     
  Edinburgh                                        Controlled by Ms. Mui                                       
  Fantastic                                        Controlled by immediate                                     
  TKO                                              Controlled by immediate                                     
  Bloomington DH Holdings Limited                  A holding company owned and controlled by Mr. Kwai Hoi, Ma  
  Nova Pulsar Holdings Limited                     A shareholder of the Company                                
  True Blue Entertainment, LLC (“ True Blue”)      Controlled by Mr. Fredrik Eklund *                          

  Mr. Fredrik Eklund is no longer the Company’s shareholder since April 29, 2024.  
 ───────────────────────────────────────────────────────────────────────────────────

  Transactions          

SCHEDULE
OF TRANSACTIONS WITH RELATED PARTIES

                                                                          For the Years Ended March 31,                                                                   
                                                                          2025                                              2024