Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 49

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 49
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 controlled company and may elect not to comply with certain corporate governance requirements,
including the requirement that a majority of its directors be independent, as defined in the Corporate Governance Rules of the Nasdaq
and the requirement that the compensation committee and nominating and corporate governance committee of the Company consist entirely
of independent directors. The Company currently does not intend to rely on these exemptions. However, if the Company decides to rely
on exemptions applicable to controlled company under the Corporate Governance Rules of Nasdaq in the future, its public shareholders
will not have the same protections afforded to shareholders of companies that are subject to all of Nasdaq corporate governance requirements.

In
addition to the Incentive Plan, the Company may adopt share incentive plans in the future, which may adversely affect the Company’s
results of operations.

In
addition to the Incentive Plan, the Company may adopt share-based incentive plan in the future, and grant share-based awards to its employees,
directors and consultants to incentivize their performance and align their interests with that of the Company. If the Company adopts
one or more share-based incentive plans and grants share-based compensation in the future, it will be required to account such awards
for share-based compensation expenses in accordance with the applicable accounting standards. The Financial Accounting Standards Board
Accounting Standards Codification Topic 718, Compensation - Stock Compensation generally requires a company to recognize, as an
expense, the fair value of share options and other equity incentives to employees based on the fair value of equity awards on the date
of the grant, with the compensation expense recognized over the period in which the recipient is required to provide service in exchange
for the equity award. If the Company adopts any such share incentive plan and grants options or other equity incentives in the future,
such grants could have dilutive impact on the Company’s existing shareholders, and cause the Company to incur significant compensation
charges and its results of operations could be adversely affected.

The
securities of the Company may be delisted or prohibited from being traded “over-the-counter” under the Holding Foreign Companies
Accountable Act and the Accelerated Holding Foreign Companies Accountable Act if the PCAOB were unable to fully inspect the company’s
auditor.

The
Holding Foreign Companies Accountable Act, or the HFCAA, was enacted on December 18, 2020. In accordance with the HFCAA, trading in securities
of any registrant on a national securities exchange or in the over-the-counter trading market in the United States may be prohibited