Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 4

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 4
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 renew our existing registrations and licenses or cancellation or suspension of our existing registrations and licenses could materially
affect our operations and financial performance.

We
are regulated by the Building and Construction Authority in Singapore, or BCA, and various other regulatory bodies. These regulatory
bodies stipulate the criteria that must be satisfied before registrations and licenses are granted to, and/or renewed and/or maintained
for, our business. The maintenance and renewal of our registrations and licenses are subject to compliance with the relevant regulations.
In particular, we are a Grade L5 contractor under the ME05 (electrical engineering) workhead, Grade L1 contractor under the ME01 (air-conditioning,
refrigeration and ventilation works) workhead, Grade L1 contractor under the ME04 (communication and security systems) workhead and Grade
L1 contractor under the ME06 (fire prevention and protection systems) workhead. The grading under a workhead reflects the profile of
a contractor and the limit on the value of each public sector project that a contractor can undertake, which potential customers may
consider during tender invitation and/or tender evaluation. The requirements laid down by the BCA may change from time to time, and there
is no assurance that we will be able to meet the changing requirements and maintain and/or renew our registrations and licenses.

Our
registrations and licenses may be downgraded, suspended or cancelled if we fail to comply with the applicable requirements. Delay or
refusal may also occur when renewing such registrations and licenses upon expiry. As an integrated one-stop electrical installation services
provider, we engage in electrical installation works for public housing and various types of addition and alteration, or A& A, works
for public facilities from time to time. An inability to renew or maintain our existing workhead grading may reduce the number of project
opportunities and the value of the public sector projects that we can tender for, and have an adverse impact on our operations and financial
performance. Failure to keep or renew our existing workhead categories could result in suspension of our business operations, restriction
or prohibition of certain business activities, or commencement of new business, thereby materially and adversely affecting our business
operation, financial position, financial results and prospects.

   3  

Social,
economic, political and legal developments or instability, as well as any changes in government policies, in Singapore, could materially
and adversely affect our business, results of operations, financial condition and business prospects.

All
our assets and business operations are located in Singapore and all of