Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 26

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 26
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vention of these controls or otherwise.

We
may face litigation and other risks as a result of the material weaknesses in our internal control over financial reporting.

As
a result of the material weaknesses described above, we face potential litigation or other disputes, which may include, among others,
claims invoking the federal and state securities laws, contractual claims or other claims arising from, among others, the material weakness
in our internal control over financial reporting and the preparation of our financial statements. As of the date of this annual report,
we have no knowledge of any such litigation or dispute. However, we can provide no assurance that such litigation or dispute will not
arise in the future.

  20  

Risks
Related to Doing Business in China and/or Hong Kong

The
Company is headquartered in California. The initial focus of its business is on the U. S. market and it does not expect to generate revenues
in China (including Hong Kong and Macau). Therefore, we do not consider that the Company has its principal business operations in China
(including Hong Kong and Macau). However, the majority of the Company’s development team is located in Hong Kong and all of its
board members currently reside in Hong Kong. It also has two Hong Kong subsidiaries: Real Corporation Limited, which houses the majority
of its development team; and HOHOJO. com Limited, which is dormant company that holds certain deferred tax losses and conducts no operations
whatsoever. Although Hong Kong, a Special Administrative Region of China, has its own governmental and legal system that is independent
from China under “ One Country, Two Systems” policy, it is uncertain whether in the future the PRC government will exert substantial
influence, discretion, oversight, and control over the manner in which Hong Kong-based entities must conduct their business activities.
As a result, the legal and operational risks associated with operating in China also apply to the Company’s operations in Hong
Kong.

China’s
or Hong Kong’s economic, political and social conditions, as well as changes in any government policies, laws and regulations,
could have a material adverse effect on our business.

Our
business, financial condition, results of operations, prospects and certain transactions we may undertake are subject to economic, political
and legal developments in Hong Kong and/or China.

Although
Hong Kong has a separate legal and government system from China and has a market economy that is different from the planned economy in
China, there is no guarantee that Hong Kong’s legal, governmental and economic systems will