Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 24

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 24
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 results of operations.

In
order to support our acquisition strategy, we will require additional capital, and this capital might not be available on acceptable terms, if at
all.

The
Company has made the strategic decision to transition from a pure-play social app to a vertically integrated, technology-enabled real
estate platform built through acquisitions. This strategy will require us to procure additional funds to finance our future acquisitions and/or to issue additional Class A Ordinary Shares
as acquisition consideration.

If
we raise additional funds through future issuances of equity or convertible debt securities, our existing shareholders could suffer
significant dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of holders
of our Class A Ordinary Shares. Any debt financing we secure in the future could involve restrictive covenants relating to our capital
raising activities and other financial and operational matters, which may make it more difficult for us to obtain additional capital
and to pursue business opportunities, including potential acquisitions. In addition, the issuance of Class A Ordinary Shares as acquisition
consideration could result in significant dilution to our existing holders of Class A Ordinary Shares.

We
may not be able to obtain additional financing on terms favorable to us, if at all. If we are unable to obtain adequate financing or
financing on terms satisfactory to us when we require it, our ability to continue to support our business growth through our acquisition
strategy and to respond to business challenges could be significantly impaired, and our business may be harmed.

We
have identified material weaknesses in our internal control over financial reporting. These material weaknesses could adversely affect
our ability to report our results of operations and financial condition accurately and in a timely manner.

Our
management is responsible for establishing and maintaining adequate internal controls over financial reporting designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with U. S. GAAP. Our management is likewise required, on a quarterly basis, to evaluate the effectiveness of our internal controls and
to disclose any changes and material weaknesses identified through such evaluation of those internal controls. A material weakness is
a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility
that a material misstatement of our annual or interim financial statements will not be prevented or detected and corrected on a timely
basis.

  19  

As
described elsewhere in this annual report, we have identified material weaknesses in our internal control over financial reporting as
follow