Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 8

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 8
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’s competitors may be able to leverage local relationships, referral
sources and strong local brand and name recognition that it has not established. The Company’s competitors could, as a result,
have greater leverage in attracting new and established agents in the market and in generating business among local consumers. The
Company’s ability to grow in the local markets that it seeks to serve will depend on its ability to compete with these local
brokerages.

The
Company may implement changes to its business model and operations to generate and grow revenues that cause a disproportionate
increase in its expenses or reduce profit margins. Establishing and expanding its service offerings could involve significant
up-front costs that may only be recovered after lengthy periods of time. In addition, expansion into new markets, including
internationally, could expose the Company to additional compliance obligations and regulatory risks. If the Company fails to
continue to grow in the local markets it serves or if it fails to successfully identify and pursue new business opportunities, its
long-term prospects, financial condition, and results of operations may be harmed, and its stock price may decline.

   9  

The
Company’s growth strategy may not achieve the anticipated results.

The
Company’s future success will depend on its ability to grow its business, including through benefiting from the financial performances
of acquired brokerages, synergies generated from joint ventures or integration of proprietary technology from acquired proptech companies,
and monetization of its platform services. Growth and innovation strategies require significant commitments of management resources and
investments and the Company may not grow the revenues of the brokerage firm that it may acquire in the future at the rate it expects or at all. As a result, the Company may not be able to recover
the costs incurred in its acquisition of brokerages or proptech companies, development of new features and initiatives, or to realize
their intended or projected benefits, which could materially adversely affect its business, financial condition or results of operations.

There
is intense competition in the Software as a Service and real estate brokerage industries.

Both
the SaaS and real estate brokerage industries are highly competitive and rapidly changing, and the Company expects that competition will
intensify in the future. The Company may be significantly affected by new product introductions and geographic expansion by existing
competition. Specific factors upon which the Company competes include, but are not limited to, the functionality of its applications,
ease of use, timing for implementation, quality of support and services, and price. The Company’s potential competitors include
other real estate brokerage firms