Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 34

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 34
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. Moreover, a majority of the Company’s executive officers and directors will reside in and/or have significant
ties to Hong Kong. As a result, it may be difficult or impossible for shareholders to bring an action against us or against these individuals
in Hong Kong in the event that you believe that your rights have been infringed under the securities laws of the United States or otherwise.

In
addition, uncertainty also exists as to whether the courts of Hong Kong would recognize or enforce judgments of U. S. courts obtained
against us or our officers and/or directors predicated upon the civil liability provisions of the securities laws of the United States
or any state thereof, or be competent to hear original actions brought in Hong Kong against us or such persons predicated upon the securities
laws of the United States or any state thereof.

Risks
Related to the Company’s Corporate Structure

In
the event that the Company relies on dividends and other distributions on equity paid by its Hong Kong subsidiaries to fund any cash
and financing requirements it may have, any limitation on the ability of the Hong Kong subsidiaries to make payments to the Company could
have a material and adverse effect on its ability to conduct its business.

In
general, PRC companies’ ability to distribute dividends is based upon their distributable earnings. Current PRC regulations permit
a PRC company to pay dividends to its shareholders only out of its accumulated profits, if any, determined in accordance with PRC accounting
standards and regulations. If a PRC company incurs debt on its own in the future, the instruments governing the debt may restrict their
ability to pay dividends or make other payments to its parent. The PRC Enterprise Income Tax Law and its implementation rules provide
that a withholding tax rate of up to 10% will be applicable to dividends payable by Chinese companies to non-PRC-resident enterprises
unless otherwise exempted or reduced according to treaties or arrangements between the PRC central government and governments of other
countries or regions where the non-PRC resident enterprises are incorporated.

Under
Hong Kong law, dividends could only be paid out of distributable profits (that is, accumulated realized profits less accumulated realized
losses) or other distributable reserves. Dividends cannot be paid out of share capital. Under the current practice of the Inland Revenue
Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by us.

  25  

Any
limitation on the ability of the Company’s Hong Kong subsidiaries to pay