Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 35

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 35
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 dividends or make other distributions to the Company could
materially and adversely limit the Company’s ability to grow, make investments or acquisitions that could be beneficial to the
Company’s business, pay dividends, or otherwise fund and conduct its business.

To
the extent cash or assets in the Company’s business is in Hong Kong or in its Hong Kong subsidiaries, the funds or assets may not
be available to fund operations or for other use outside of Hong Kong due to interventions in or the imposition of restrictions and limitations
on the Company’s ability or the ability of its subsidiaries by the PRC government to transfer cash or assets.

The
Company may in the future depend on dividends and other distributions on equity paid by its Hong Kong subsidiaries or depend on its assets
located in China or Hong Kong for its cash and financing requirements. The PRC government imposes controls on the convertibility of the
Renminbi into foreign currencies and, in certain cases, the remittance of currency out of China. Shortages in availability of foreign
currency may then restrict the ability of the Company’s subsidiaries to remit sufficient foreign currency to its offshore entities
for its offshore entities to pay dividends or make other payments or otherwise to satisfy its foreign-currency-denominated obligations.
Therefore, to the extent cash or assets in the Company’s business is in the PRC or Hong Kong or in the Hong Kong subsidiaries,
the funds or assets may not be available to fund operations or for other use outside of the PRC or Hong Kong due to interventions in
or the imposition of restrictions and limitations on the Company’s ability or the ability of the Company’s subsidiaries by
the PRC government to transfer cash or assets.

The
PRC government may continue to strengthen its capital controls, and more restrictions and substantial vetting processes may be put forward
by the State Administration of Foreign Exchange of the PRC (“ SAFE”) for cross-border transactions. Any limitation on the
ability of the Hong Kong subsidiaries to pay dividends or make other kinds of payments to the Company could materially and adversely
limit its ability to grow, make investments or acquisitions that could be beneficial to its business, pay dividends or otherwise fund
and conduct its business.

PRC
regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion
may delay us from using the proceeds of this offering to make loans or additional capital contributions to the Company’s Hong Kong
subsidiaries, which could materially and adversely affect the Company’s liquidity and its ability to fund and expand