Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 37

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 37
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 leading to economic
weakness in the countries in which they occur and affect worldwide financial markets, and could potentially lead to economic recession,
which could have an adverse effect on our business, financial condition and results of operations. These events could adversely affect
our clients’ levels of business activity and precipitate sudden significant changes in regional and global economic conditions and
cycles. These events also pose significant risks to our people and to our business operations around the world.

| 20 |

Russia’s invasion of Ukraine may present risks to our operations and investments.

Russia’s recent military interventions in Ukraine
have led to, and may lead to, additional sanctions being levied by the United States, European Union and other countries against
Russia. Russia’s military incursion and the resulting sanctions could adversely affect global energy and financial markets and thus
could affect the value of our operations and investments, even though we do not have any direct exposure to Russia or the adjoining geographic
regions. The extent and duration of the military action, sanctions, and resulting market disruptions are impossible to predict, but could
be substantial. Any such disruptions caused by Russian military action or resulting sanctions may magnify the impact of other risks described
in this section. We cannot predict the progress or outcome of the situation in Ukraine, as the conflict and governmental reactions are
rapidly developing and beyond their control. Prolonged unrest, intensified military activities, or more extensive sanctions impacting
the region could have a material adverse effect on the global economy, and such effect could in turn have a material adverse effect on
our operations, results of operations, financial condition, liquidity and business outlook.

Risks Related to Our Business

We operate in an intensely competitive environment ,and we may be unable to compete successfully with our current or future competitors.

The market for the services we offer is intensely
competitive. We compete with both established and emerging online and traditional providers of travel-related services, including online
travel agencies; alternative accommodation providers; wholesalers and tour operators; travel product suppliers (including hotels, airlines
and car rental companies); search engines and large online portal websites; travel metasearch services; corporate travel management service
providers; mobile platform travel applications; social media websites; eCommerce and group buying websites; and other participants in
the travel industry.

In recent years, search engines have increased
their focus on acquiring or launching travel products that provide increasingly comprehensive travel planning content and direct booking
capabilities, comparable to OTAs. For example, Google has continued to add features and functionality to its Google Travel