Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 40

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 40
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 solution provider remains. Since our public offering in 2023, we have established
an overseas office in Australia as part of our international expansion strategy. We have also expanded our presence internationally through
channel partners in countries like Malaysia, Thailand, Hong Kong, Japan, Australia, New Zealand, Qatar, Denmark, Canada, and the United
States of America. Our focus in the coming years will be to establish an overseas office in the USA and Europe, where the business deems
feasible.

For
countries that we do not have an overseas office, we plan to engage channel partners such as robot distributors, technology system integrators,
and software solution providers that have a strong facilities footprint. This enables us to target asset owners and facility management
companies quicker while providing fit for purpose solutions across various product verticals like SIMPPLE Software, SIMPPLE Robotics,
and SIMPPLE A. I.

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  Table of Contents  

Expansion
Through Organic Growth and Acquisitions

Organic
Growth into New Market Segments

Since
our public offering in 2023, we have expanded our total addressable market in Singapore beyond cleaning and facilities management to
include security services. We intend to grow our portfolio of clientele to include stakeholders across the real estate or built environment
value chain. Across the built environment industry, we initially focused on commercial properties only, but have since ventured into
private residential properties, aviation, rail transport nodes, and light industrial estates. We will continue to look for new opportunities
where we can deliver fit-for-purpose solutions to such facilities.

Strategic
Alliances and Partnerships

SIMPPLE
continues to strengthen its global presence through strategic alliances and partnerships as it builds its channel partner network. This
enables the Company to jointly develop innovative solutions tailored for the overseas market. By collaborating with these industry leaders
and technology partners, SIMPPLE can leverage complementary expertise to enhance SIMPPLE Ecosystem offerings and adapt to diverse operational
needs worldwide. These partnerships also facilitate joint commercial engagements, allowing us and the partner to combine resources, networks,
and market insights to secure new contracts and drive business growth internationally.

SIMPPLE
also signed and renewed commercial agreements with major robotic suppliers Gausium Holdings and Cenobots as well as IoT supplier Milesight.
Notably, SIMPPLE has signed a joint venture partnership with Evolve Consulting ApS to co-develop an integrated software platform that
merges SIMPPLE’s facility management expertise with Evolve’s regulatory compliance system.