Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 35

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 35
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 mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“ IoT”)
devices.

We
were founded in 2016 and our initial focus was on the development of a robotic cleaning solution. As cleaning operations usually cover
a large area of space, the then-existing robotic solutions and machinery were bulky and not fit for Singapore’s infrastructure.
Through the design and development of minimal human intervention cleaning robotics, the Company was able to build a solution to match
the specific facility cleaning needs of Singapore’s skyscraper dominant environment. We understood that robotics should not be
a standalone solution. Instead, we realized the merits of the fully automated Smart Building model with the integration of robotic and
IoT solutions. We believe that our ecosystem-focused solution will create more value to building owners and facility managers. Often
times, data inputs alone are insufficient for efficient operations. Decision-making logic and intelligent task allocation to deployable
assets must be built into the platform solution in order to achieve autonomous operations within a facility.

At
present, the company has expanded out of Singapore and has an outfit in Australia. Our reach also extends into other parts of Southeast
Asia (Malaysia and Thailand), the Middle East (Qatar), Oceania region (Australia and New Zealand), East Asia (Hong Kong and Japan) and
the North America (Canada and United States of America).

SIMPPLE
LTD. is a Cayman Islands exempted company that has four subsidiaries, namely IFSC Pte. Ltd. (“ IFSC”), SIMPPLE Pte. Ltd. (“ SIMPPLE
Pte Ltd”), Gaussian Robotics Pte. Ltd. (“ Gaussian Robotics” or GS”) and SIMPPLE Australia Pty Ltd (“ SIMPPLE
Australia”). IFSC is a wholly owned subsidiary of the issuer; and SIMPPLE Pte Ltd, GS and SIMPPLE Australia are wholly owned by
IFSC.

Our
Competitive Strengths

We
believe that the following strengths distinguish us from our competitors and have contributed to our success:

Strong
market presence with established track record at enterprise level

We
have a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors.
We service 20 out of the 39 Top-Tier Singapore facilities management contractors. We view our management team’s collective industry
knowledge and extensive project management experience as valuable in establishing stable relationships and providing strong and sound
technical competency to our existing and prospective customers in the