Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 1

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 1
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 the demand for our services
as well as opportunities for growth. Overseas expansion involves numerous risks, including but not limited to legal and
regulatory risks and financial costs. We cannot assure you that our operations in new geographic markets will be profitable. In
addition to the above, geographic expansion will require substantial management dedication and efforts which may require significant
additional expenditures. The successful implementation of our growth strategies depends on a variety of factors including our
ability to hire and retain key management personnel, negotiate attractive terms for such acquisitions or expansions that may command
high valuations, and obtain sufficient financing for our capital expenditures. There is no assurance that we will be able to obtain
the required financing or that we will continue to have sufficient cash flow to fund our Group’s expansion. The
above-mentioned challenges associated with our growth plans may place increased demands on our management and on our operational
systems and other resources, and could also increase our exposure to unanticipated risks and liabilities.

As
such, there is no assurance that our Group will be successful in implementing our future plans or that we will be able to realize the
profits, growth, or synergies expected from our Group’s expansion. In the event that we are unable to effectively or successfully
execute our expansion strategies, our business, financial condition, results of operations and prospects may be materially and adversely
affected.

There
is no assurance that our existing relationships and agreements with our customers or suppliers will be renewed upon expiry or that we
will be successful in securing new customers or distribution agreements.

To
the extent that the demand for facilities management, particularly in Singapore, is adversely affected for any reasons, our business,
financial condition and results of operations could be materially and adversely affected.

Our
existing relationships and agreements with customers and suppliers are detailed elsewhere in this report. We are currently not aware
of any information which would lead to a cessation or termination of any existing relationships or agreements with our customers or suppliers.
However, there is no assurance that our existing customers or distribution contracts with suppliers will be renewed or extended on the
exact same terms, or at all. To the extent that we are unable to secure new customers or distribution agreements with suppliers as our
existing customer or distribution agreements expire, our profitability and prospects could be materially and adversely affected. We do
not currently hold any intellectual property rights or licenses associated with our robotic products in relation to our distribution
agreements. However, to the extent that we obtain any intellectual property rights or licenses associated with our robotic products in