Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 103

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 10
Chunk 103
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 in “specified foreign financial
assets,” including shares issued by a non-United States corporation, for any year in which the aggregate value of all specified
foreign financial assets exceeds $50,000 (or a higher dollar amount prescribed by the Internal Revenue Service), subject to certain exceptions
(including an exception for shares held in custodial accounts maintained with a U. S. financial institution). These rules also impose
penalties if a U. S. Holder is required to submit such information to the Internal Revenue Service and fails to do so.

In
addition, dividend payments with respect to our Ordinary Shares and proceeds from the sale, exchange or redemption of our Ordinary Shares
may be subject to additional information reporting to the IRS and possible U. S. backup withholding. Backup withholding will not apply,
however, to a U. S. Holder who furnishes a correct taxpayer identification number and makes any other required certification on IRS Form
W-9 or who is otherwise exempt from backup withholding. U. S. Holders who are required to establish their exempt status generally must
provide such certification on IRS Form W-9. U. S. Holders are urged to consult their tax advisors regarding the application of the U. S.
information reporting and backup withholding rules.

Backup
withholding is not an additional tax. Amounts withheld as backup withholding may be credited against your U. S. federal income tax liability,
and you may obtain a refund of any excess amounts withheld under the backup withholding rules by filing the appropriate claim for refund
with the IRS and furnishing any required information. We do not intend to withhold taxes for individual shareholders. However, transactions
effected through certain brokers or other intermediaries may be subject to withholding taxes (including backup withholding), and such
brokers or intermediaries may be required by law to withhold such taxes.

THE
PRECEDING DISCUSSION OF U. S. FEDERAL TAX CONSIDERATIONS IS FOR GENERAL INFORMATION PURPOSES ONLY. IT IS NOT TAX ADVICE. EACH PROSPECTIVE
INVESTOR SHOULD CONSULT ITS OWN TAX ADVISOR REGARDING THE PARTICULAR U. S. FEDERAL, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES OF PURCHASING,
HOLDING AND DISPOSING OF OUR ORDINARY SHARES, INCLUDING THE CONSEQUENCES OF ANY PROPOSED CHANGE IN APPLICABLE LAWS.

F.
Dividends and paying agents.

Not
applicable.

G.
Statement by experts.

Not
applicable.