Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 36

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 36
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 its business.

Any
funds transfer to a PRC subsidiary, either as a shareholder loan or as an increase in registered capital, are subject to approval by
or registration with relevant governmental authorities in China. According to the relevant PRC regulations on foreign-invested enterprises,
or FIEs, in China, capital contributions to a PRC company are subject to the approval of or filing with the Ministry of Commerce, or
MOFCOM or its local branches and registration with a local bank authorized by the State Administration of Foreign Exchange, or SAFE.
In addition, (i) a foreign loan of less one year duration procured by a PRC company is required to be registered with SAFE or its local
branches and (ii) a foreign loan of one year duration or more procured by a PRC company is required to be applied to the NDRC in advance
for undergoing recordation registration formalities. Any medium or long-term loan to be provided to a PRC company, must be registered
with the NDRC and the SAFE or its local branches. If such regulations are applied to the Company’s Hong Kong subsidiaries in the
future, we may not be able to complete such registrations on a timely basis, with respect to future capital contributions or foreign
loans by the Company to the Hong Kong subsidiaries.

Currently
the Hong Kong subsidiaries do not need to obtain approval from or register with governmental authorities in China or in Hong Kong in
order to raise capital, but it is unclear if the PRC or Hong Kong authorities will in the future interpret the abovementioned regulations
in a way that will subject Hong Kong companies to the same restrictions as a PRC company. If the abovementioned regulations is applied
by the authorities to the Hong Kong subsidiaries, the Company’s ability to capitalize our operations through the Hong Kong subsidiaries
may be negatively affected, which could adversely affect the Company’s liquidity and its ability to fund and expand its business.

  26  

Risks
Relating to our Securities

Certain
judgments obtained against the Company by the Company’s shareholders may not be enforceable.

The
Company is a company incorporated under the laws of the Cayman Islands. All of the Company’s assets are located outside of the
United States. All of the Company’s senior executive officers will reside outside of the United States for a significant
portion of the time and all are nationals of countries other than the United States. Substantially all of the assets of these persons
are located outside the United States. As