Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 58

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 4
Chunk 58
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responsible for rectifying the defects in their works or repairing and replacing the defective materials/equipment supplied (as the case
may be) at their costs.

During
the fiscal years ended April 30, 2023. 2024 and 2025, we have not experienced any material claim by our customers in respect of our works
or any request by our customers for rectifying material defects of our works. There was also no material delay in our project works which
resulted in our customers calling any performance bonds which we have taken out in favor of our customers or demanding for any material
liquidated damages from us.

Business
Strategies

Having
already established and developed a stable relationship with our major customers and gained the technical know-how, experience and reputation
as an integrated one-stop electrical installation services provider in Singapore during our over 12 years of operations, we plan to build
on our competitive strengths to (i) expand our scale of business and workforce and further strengthen our market position in the electrical
engineering sector of the construction industry in Singapore as well as to engage in local and overseas expansion; (ii) continue to upgrade
our capabilities, develop competencies in the identification of leads and potential projects ahead of time, and emphasize and maintain
standards of project implementation; and (iii) adhere to prudent financial management to ensure sustainable growth and capital sufficiency.

Competitive
Landscape of the Electrical Engineering Sector of the Construction Industry in Singapore

The
electrical engineering sector of the construction industry in Singapore is competitive and relatively fragmented. As of April 30, 2025,
there were over 2,200 contractors registered with the BCA under the ME05 (electrical engineering) workhead, of which only approximately
6.4% and 4.5% were of Grade L5 and Grade L6, respectively. Apart from competition from local contractors, there is also competition from
many large international players mainly from China and India. The industry players in Singapore generally compete with each other on
market position, industry reputation, track record, relationship with project owners, main contractors and industry professionals (such
as project managers) and financial standing

Business
Objectives and Strategies

We
aim to deliver our services in a timely, reliable and cost-efficient manner, with integrity and good workmanship to meet customers, safety
and regulatory requirements. Our business objective is to achieve sustainable growth in our business, create long-term shareholders’
value and strengthen our market position in the electrical engineering sector