Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 121

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 18
Chunk 121
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PPLE” or “ Company”) was incorporated in the Cayman Islands on 24 August, 2022 as an exempted company.
SIMPPLE is an investment holding company. Through its wholly owned subsidiaries, SIMPPLE is principally engaged in the provision of i)
sale of facilities management software and ii) trading and maintenance of robotics equipment.

The
consolidated financial statements of the Company include the following entities:

SIMPPLE
owns 100% interest in its subsidiaries which are in the table as below:

Schedule of subsidiaries of the company

  Name                             Date of incorporation       Percentage of direct      Place of incorporation      Principal activities                                                         
                                                                                                                                                                                                  
                                                              or indirect interests                                                                                                               
  IFSC Pte. Ltd. (“ IFSC”)         March 18, 2016                              100%      Singapore                   Sale of facilities management software                                       
  Gaussian Robotics Pte. Ltd.      May 18, 2017                                100%      Singapore                   Provision of trading and maintenance of robotic equipment                    
  Simpple Pte. Ltd.                October 13, 2020                            100%      Singapore                   Research and experimental development on environment and clean technologies  
  Simpple Australia Pty Ltd        September 6, 2023                           100%      Australia                   Sale of facilities management software                                       
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A
reorganization of the Company’s legal structure (the “ Reorganization”) was completed on 21 October 2022. The Reorganization
involved the transfer of 100

The
Reorganization has been accounted for as a recapitalization among entities under common control since the same controlling shareholders
controlled all these entities before and after the Reorganization. The consolidation of the Company and its subsidiaries has been accounted
for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the
first period presented in the accompanying consolidated financial statements. Results of operations for the periods presented comprise
those of the previously separate entities combined from the beginning of the period to the end of the period eliminating the effects
of intra-entity transactions.

2Summary of significant accounting policies

Basis
of presentation

The
accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the
United States of America (“ US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission
(