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

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 20
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 consolidation may result in practices that make it more difficult for us to compete
effectively, including on the basis of price, sales and marketing programs, technology or services functionality. These pressures could
result in a reduction in our revenue.

New
legislation and regulations may affect our business, financial condition and results of operations.

Our
business requires compliance with many laws and regulations. Increased legislative and regulatory activity and burden, and a more stringent
manner in which any of them are applied could significantly impact our business. Failure to comply with these laws and regulations could
subject us to lawsuits and other proceedings, and could also lead to damage awards, fines and penalties. We may become involved in a
number of legal proceedings and audits, including Singapore government and agency investigations, and consumer, employment, tort and
other litigation. The outcome of some of these legal proceedings, audits, and other contingencies could require us to take, or refrain
from taking, actions that could harm our operations or require us to pay substantial amounts of money, harming our financial condition.
Additionally, defending against these lawsuits and proceedings may be necessary, which could result in substantial costs and diversion
of our senior management’s attention and resources, harming our financial condition. There can be no assurance that any pending
or future legal or regulatory proceedings and audits will not harm our business, financial condition and results of operations.

Furthermore,
the regulatory environment in which we operate is still developing, and the potential exists for future legislation and regulations to
be adopted. These developments may adversely affect the customers to whom, and the markets into which, we sell our products, increase
our costs, require additional expenditures to ensure continued regulatory compliance and otherwise negatively affect our business, combined
financial condition or results of operations, including in ways that cannot yet be foreseen.

RISKS
RELATING TO OUR CORPORATE STRUCTURE AND TO AN INVESTMENT IN OUR SHARES

It
may be difficult for you to enforce any judgment obtained in the United States against us, our Directors, Executive Officers or our affiliates.

All
of our Directors and Executive Officers reside outside the United States. In addition, all of our assets are located outside the United
States. As a result, it may be difficult to enforce in the United States any judgment obtained in the United States against us or any
of these persons, including judgments based upon the civil liability provisions of the U. S. securities laws. In addition, in original
actions brought in courts in jurisdictions located outside the United States, it may