Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 71

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 71
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 and we may not be successful in achieving a balance that continues to attract and retain users. If
we are not successful in our efforts to grow our user base or if we are unable to build and maintain good relations with our active users,
our user growth and user engagement and our business may be seriously harmed. In addition, we may expend significant resources to launch
new services that we are unable to monetize, which may seriously harm our business.

  50  

Our
ability to launch new product or service offerings and to increase the prices of our products and services

The industry for residential real
estate transaction services, technology, and information marketplaces is dynamic, and the expectations and behaviors of users and consumers
shift constantly and rapidly. As part of our operating strategy, we have increased, and plan in the future to continue to change, the
nature and number of products, including depth products, that we offer to our users and, with that, the prices we charge our users for
the services and products we offer. Changes or additions to our products and services may not attract or engage our users, and may reduce
confidence in our products and services, negatively impact the quality of our brands, negatively impact our relationships with partners
or other industry participants, expose us to increased market or legal risks, subject us to new laws and regulations or otherwise harm
our business. Our users may not accept new products and services (which would adversely affect our average revenue per agent (“ARPA”)),
or such price increases may not be absorbed by the market, or our price increases may result in the loss of users or the loss of some
of our users’ business. We may not successfully anticipate or keep pace with industry changes, and we may invest considerable financial,
personnel and other resources to pursue strategies that do not ultimately prove effective such that our results of operations and financial
condition may be harmed. If we are not able to raise our prices or encourage our users to upgrade their subscription packages or invest
in depth products to further differentiate their listings, or if we lose some of our users or some of our users’ business as a result
of price increases, or if the bargaining power of our user base increases and the subscription prices and other fees we are able to charge
real estate developer or agent users decline, our business, financial condition and results of operations could be adversely affected.

Our
ability to operate in a highly competitive and rapidly changing industry.

We
face competition to attract consumers to our websites and mobile applications and to attract