Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 11

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 11
---
 the Personal Data Protection Act 2012.
While we have implemented measures to protect sensitive information and confidential and personal data and comply with applicable laws,
rules and regulations, our facilities and systems may be vulnerable to security breaches and other data loss, including cyber-attacks.
In addition, it is not possible to predict the impact on our business of any future loss, alteration or misappropriation of information
in our possession related to us, our employees, former employees, customers, suppliers or others. This could lead to negative publicity,
legal claims, theft, modification or destruction of proprietary or other key information, damage to or inaccessibility of critical systems,
operational downtimes and/or delays and other significant costs, which could adversely affect our business, financial condition, results
of operations and prospects.

The
value of our intangible assets and costs of investment may become impaired.

Our
intangible assets are amortized over their estimated useful lives. In accordance with applicable accounting standards, we periodically
evaluate our goodwill and other intangible assets to determine whether all or a portion of their carrying values may no longer be recoverable,
in which case a charge to the profit or loss statement may be necessary. Such impairment testing is complex and requires us to make assumptions
and judgments regarding the estimated recoverable amount of our cash-generating units to which the goodwill is allocated. If estimated
recoverable amounts are less than the carrying values for goodwill in future annual impairment tests, we may be required to record impairment
losses in future periods. Any future evaluations requiring an impairment of our goodwill could materially affect our results of operations
and shareholders’ equity in the period in which the impairment occurs. A material decrease in shareholders’ equity could,
in turn, potentially impact our ability to pay dividends.

Our
historical financial and operating results are not a guarantee of our future performance.

Our
annual and periodic financial results vary from year to year and from period to period, in response to a number of factors that we cannot
predict, such as general business outlook and sentiment, economic market conditions, employment rates, inflation and interest rates and
consumer confidence. As such, we believe that our annual and periodic financial results are not a guarantee of our future economic performance
and undue reliance should not be placed on such results for future speculative purposes.

We
may be exposed to liabilities under applicable anti-corruption laws and any determination that we violated these laws could have a materially
adverse effect on our business.

We
are subject to various anti-corruption laws that prohibit