Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 5

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 5
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 future. These disputes, if remain unresolved or worsen, may eventually result in legal or other proceedings and therefore cause
disruptions and delays to our operations, in addition to the extra costs that may be incurred in their settlement or other resolution.
Our resources may also be diverted to defend the claims, thereby adversely affecting our Group’s business, financial condition,
results of operations and prospects.

In
the event that we are unable to resolve the aforementioned disputes or claims satisfactorily in a timely manner or at all, our Group’s
business, financial condition and results of operation may be materially and adversely affected.

We
could incur substantial costs as a result of data protection concerns or IT systems disruption or failure.

While
we have not been the subject of any cyber-attacks or IT system failures that have had a material impact on our Group, our business may
be impacted by such attacks or system failures in the future. Cybersecurity attacks, in particular, are evolving and include, but are
not limited to, malicious software, attempts to gain unauthorized access to data and other electronic security breaches that could lead
to disruptions in systems, unauthorized release of confidential or otherwise protected information and corruption of data. A cyberattack
or system failure may result in operational downtimes and/or delays, which may have a detrimental impact on our ability to provide services
to our customers.

We
handle the personal data of customers in the ordinary course of providing services to customers. The collection and use of such personal
data is governed by personal data protection laws in Singapore, in particular the Personal Data Protection Act 2012 (No. 26 of 2012).
While we have implemented measures to protect sensitive information and confidential and personal data and comply with applicable
laws, rules and regulations, our facilities and systems may be vulnerable to security breaches and other data loss, including cyber-attacks.
In addition, it is not possible to predict the impact on our business of any future loss, alteration or misappropriation of information
in our possession related to us, our employees, former employees, customers, suppliers or others. This could lead to negative publicity,
legal claims, theft, modification or destruction of proprietary or other key information, damage to or inaccessibility of critical systems,
operational downtimes and/or delays and other significant costs, which could adversely affect our business, financial condition, results
of operations and prospects.

Unauthorized
disclosure, destruction or modification of data, through cybersecurity breaches, computer viruses or otherwise or disruption of our services
could expose us