Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 57

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 57
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001 each.

On December 27, 2024, Mr. Lim’s nominee, XJL International Ltd, Beyond Merchant Limited, KeyStone Builders Group Limited, Kingkey Holdings (International) Limited, Canningale Investments Limited and SwiftBuild Solutions Group Limited subscribed for 762,998; 49,000; 49,000; 45,000; 45,000 and 49,000 Ordinary Shares of the Company respectively for US$15,260, US$9,800, US$9,800, US$9,000, US$9,000 and US$9,800 in cash, representing approximately 76.3%, 4.90%, 4.90%, 4.50%, 4.50% and 4.90% of the issued share capital of the Company respectively.

On December 12, 2024, Elec was incorporated in the BVI with limited liability. Elec is authorized to issue a maximum of 50,000 shares of a single class each with a par value of US$1.00.

On December 12, 2024, the Company subscribed for, and Elec allotted and issued to it 1 share for cash at par.

On January 10, 2025, Mr. Lim’s nominee XJL International Ltd transferred 2.7% of the issued share capital of Magnitude to Ms. Cheng Sze Man Claudia, or Ms. Cheng, an independent third party for cash at par value.

On January 10, 2025, Mr. Lim’s nominee XJL International Ltd transferred 3.0% of the issued share capital of Magnitude to Mr. Chi Wai Ming, Raymond, or Mr. Chi, an independent third party for cash at par value.

On February 20, 2025, Mr. Lim’s nominee XJL International Ltd transferred 3.4% of the issued share capital of Magnitude to Mr. Choo Kay Chon, or Mr. Choo, an independent third party for US$18,000.

On March 19, 2025, Mr. Lim and the Company entered
into a reorganization agreement pursuant to which Mr. Lim transferred his shares in Herlin and BNL to Elec in consideration of the Company
allotting and issuing 1 share to Mr. Lim’s nominee, XJL International Ltd, credited as fully paid.

On May 27, 2025, for purposes of recap