Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 121

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 121
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 its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with the ASC Topic 830, “ Foreign
Currency Matters”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing
during the year. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate
component of accumulated other comprehensive income (loss) within the consolidated statements of changes in shareholders’ equity.

Translations of amounts in the consolidated balance sheets, consolidated
statements of operations and comprehensive loss, and consolidated statements of cash flows from HK$ into US$ as of and for the years presented
are adopted the following exchange rates in preparing the consolidated financial statements:

SCHEDULE OF CURRENCY EXCHANGE RATES

                          As of March 31,                                                          
                                     2025                  2024                  2023              
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Year-end spot rate                           7.7799                7.8259                7.8499  

                    For the years ended March 31,                                                          
                                             2025                  2024                  2023              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────
  Average rate                                         7.7930                7.8246                7.8389  

Fair
value of financial instruments

Fair
value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The
hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of
the fair value hierarchy are described below:

Level
1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level
2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs
that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

Level
3 - inputs to the valuation methodology are unobservable and significant to the fair value.

As
of March 31, 2025 and 2024, financial instruments of the Company comprised primarily current assets and current liabilities including
cash, other current assets, due to related parties, convertible promissory notes and accrued expenses