Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 17

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 17
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 inflationary pressures which may prompt the governments to
take action to control the growth of the economy and inflation that could lead to a significant decrease in our profitability in the
future.

While
many of the economies in Asia have experienced rapid growth over the last two decades, they currently are experiencing inflationary pressures.
As governments take steps to address the current inflationary pressures, there may be significant changes in the availability of bank
credit, interest rate increases, limitations on loans, or restrictions on currency conversions and foreign investment. There also may
be imposition of price controls. If prices for the products we source or if wages rise at a rate that is insufficient to compensate for
the rise in these costs, it may have an adverse effect on our profitability. If these or other similar restrictions are imposed by a
government to influence the economy, it may lead to a slowing of economic growth.

While
these inflationary trends will result in higher operational costs, we believe that this also strengthens our value proposition by emphasizing
potential savings to customers through improved productivity and workflow efficiency derived from our technology solutions. To mitigate
inflationary pressures, we regularly review our pricing structure to ensure sustainable profitability.

Our
subsidiaries are subject to the laws of their respective countries, which differ in certain material respects from the laws of the United
States.

As
our subsidiaries, namely IFSC Pte. Ltd., SIMPPLE Pte. Ltd., Gaussian Robotics Pte. Ltd. and SIMPPLE Australia Pty Ltd, are incorporated
in Singapore and Australia, they are required to comply with the laws of those countries, certain of which are capable of extra-territorial
application, as well as their Constitution. In particular, the Singapore incorporated subsidiaries are required to comply with certain
provisions of the Securities and Futures Act 2001 of Singapore (the “ SFA”), which prohibit certain forms of market conduct
and information disclosures, and impose criminal and civil penalties on corporations, directors and officers in respect of any breach
of such provisions.

RISKS
RELATING TO THE INDUSTRY IN WHICH WE OPERATE

Our
products and software are highly technical and may contain undetected software bugs or vulnerabilities, which could manifest themselves
in ways that could seriously harm our reputation and our business.

Our
products and software are highly technical and complex. Our services and products include our SIMPPLE Ecosystem, SIMPPLE. AI and our robotic
software. Bugs and errors can manifest in any number of ways in our products,