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

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 31
---
 any permission or approval from Chinese authorities,
including CSRC and CAC and we have not received or been denied such permissions by any PRC authorities, and (3) neither we nor our subsidiaries
are covered by permissions requirements from the CSRC, CAC or any other governmental agency that is required to approve our operations
or the Business Combination. As of the date of this annual report, we have not received any inquiry, notice, warning, sanctions or regulatory
objection to the Business Combination from the CSRC or other PRC governmental authorities. However, there remains significant uncertainty
as to the enactment, interpretation and implementation of regulatory requirements related to overseas securities offerings and other
capital markets activities.

  23  

If
it is determined in the future that the approval of the CSRC, the CAC or any other regulatory authority is required for the Business
Combination, we may face sanctions by the CSRC, the CAC or other PRC regulatory agencies. The CSRC, the CAC, or other PRC regulatory
agencies also may take actions requiring us, or making it advisable for us, to halt the Business Combination before settlement and delivery
of Company’s securities. Consequently, if you engage in market trading or other activities in anticipation of and prior to settlement
and delivery, you do so at the risk that settlement and delivery may not occur. In addition, if the CSRC, the CAC or other regulatory
PRC agencies later promulgate new rules requiring that we obtain their approvals for the Business Combination, we may be unable to obtain
a waiver of such approval requirements, if and when procedures are established to obtain such a waiver. Any uncertainties and/or negative
publicity regarding such an approval requirement could have a material adverse effect on the trading price of our securities.

Moreover,
if (1) we are required to but do not receive or maintain approvals from the PRC authorities, (2) we inadvertently conclude that such
approvals are not required, or (3) applicable laws, regulations, or interpretations change such that we are required to obtain approval
in the future, we may be subject to investigations by competent regulators, or to fines or penalties, and/or we may be ordered to suspend
our relevant operations and rectify any non-compliance, or prohibited from engaging in relevant business or conducting any offering or
business combination; and these risks could result in a material adverse change in our operations, significantly limit or completely
hinder Company’s ability to offer or continue to offer securities