Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 60

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 60
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 or rights, to variable returns from its involvement with the investee; and                 |
| (iii) | The                                                                                        
 ability to use its power over the investee to affect the amount of the investor’s returns. |

Below is a summary of assessment to conclude that Mr. Lim was able to exercise absolute control during the period from May 1, 2022 until Mr. Lim’s acquisition of the business partner’s equity stake:

| (i)   | Assessment                                                                       
 of purpose and design of BNL’s business activities                               |
| (ii)  | Power                                                                            
 over BNL’s decision making                                                       |
| (iii) | Exposure                                                                         
 or rights to variable returns from its involvement with BNL                      |
| (iv)  | The                                                                              
 ability to use its power over BNL to affect the amount of the investor’s returns |

With the above said, the accounts in BNL is consolidated accordingly.

Corporate Structure

The chart below sets out our corporate structure as of the date of this prospectus with percentages held pre- and post-offering.

Notes:

| (1) | A                                                                                   
 company wholly-owned by Mr. Lim.                                                    |
| (2) | A                                                                                   
 company wholly-owned by Mr. Cheung Sze Wah, Sam, an independent third party.        |
| (3) | A                                                                                   
 company wholly-owned by Ms. Yip Ka Ki, Cherry, an independent third party.          |
| (4) | A                                                                                   
 company wholly-owned by Mr. Chen Jiajun, an independent third party.                |
| (5) | A                                                                                   
 company wholly-owned by Mr. Cheung Ching Ping, Stephen, an independent third party. |
| (6) | A                                                                                   
 company wholly-owned by Mr. Cheung Sai Ho, an independent third party.              |

| 42 |

<div align='center'>SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA</div>

The following summary consolidated statements of operations and comprehensive income data and cash flow data for the financial years ended April 30, 2023 and 2024 and summary consolidated balance sheets data as of April 30, 2023 and 2024 have been derived from our audited consolidated financial statements included elsewhere in this prospectus. Our consolidated financial statements are prepared and presented in accordance with the IFRS.

Our historical results are not necessarily indicative of results to be expected for any future period. The following summary consolidated financial data for the periods and as of the