Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 39

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 39
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, all of our key
employees, officers and directors are residents of Israel. Accordingly, political, economic and military conditions in Israel and the
surrounding region may directly affect our business. Any hostilities involving Israel or the interruption or curtailment of trade between
Israel and its present trading partners, or a significant downturn in the economic or financial condition of Israel, could affect adversely
our operations. Ongoing and revived hostilities or other Israeli political or economic factors could harm our operations, product development
and results of operations.

On
October 7, 2023, an unprecedented attack was launched against Israel by terrorists from the Hamas terrorist organization that infiltrated
Israel’s southern border from the Gaza Strip and in other areas within the state of Israel attacking civilians and military targets
while simultaneously launching extensive rocket attacks on the Israeli population. In response, the Security Cabinet of the State of
Israel declared war against Hamas. To date, the State of Israel continues to be at war with Hamas.

Following the attack by Hamas
on Israel’s southern border, Hezbollah, a terrorist organization in Lebanon, has also launched missile, rocket, and shooting attacks
against Israeli military sites, troops, and Israeli towns in northern Israel. In response to these attacks, the Israeli army has carried
out a number of targeted strikes on sites belonging to Hezbollah in southern Lebanon, and in October 2024, the Israeli military initiated
a ground operation in Lebanon, primarily near the Israel-Lebanon border. As of the end of November 2024, Israel entered into a ceasefire
agreement with Hezbollah, but there are no guarantees as to whether the agreements will hold or whether further hostilities will resume.
As of March 18, 2025, the ceasefire with Hamas that had been in place since January 2025 has ended, and hostilities have resumed. The
continuation of the conflict has led to heightened security concerns, potential disruptions to business operations, and economic instability.
There remains significant uncertainty regarding the duration and escalation of the conflict, and further military actions, restrictions,
or government-imposed measures could adversely affect our operations, supply chains, and financial condition.

In
connection with the Israeli security cabinet’s declaration of war against Hamas and possible hostilities with Hezbollah and other
organizations, several hundred thousand Israeli military reservists were drafted to perform immediate military service. To date, only
a small number of our employees and only one of our current directors in Israel were called to active military duty, which we define
as continuous military duty