Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 242

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 242
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      SGD |     |     SGD |
| Bank        
 borrowings  |     | 835,878 |     | (170,368     | ) |     |   11,483 |     | 676,993 |
| Lease       
 liabilities |     | 545,021 |     | (12,453      | ) |     |    5,855 |     | 538,423 |

<div align='center'>The accompanying notes are an integral part of these unaudited interim condensed

consolidated financial statements.</div>

| F-50 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| 1. | Overview |

Magnitude International Ltd (the “Company”) is incorporated in Cayman Islands on 25 October 2024 and its registered office at Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands. The principal place of business of the Company is 27 Woodlands Industrial Park E1 #03-15 (Lobby B) Hiangkie Industrial Building Singapore 757718.

These unaudited interim condensed consolidated financial statements comprise the Company and its subsidiaries (the “Group”).

The principal activity of the Company is investment holding. The principal activities of the subsidiaries are disclosed below.

The details of its subsidiaries are as follows:

| Name of subsidiary          | (Country                       
 of incorporation and principal 
 place of business)             |                                                                    | Principal  
 activities | Percentage             
 of effective ownership 
 held by                
 the Company            | April 
   30, 
  2024 |   |     |     |  October 
 31, 2024 |   |
|:----------------------------|:-------------------------------|:-------------------------------------------------------------------|:-----------|:-----------------------|------:|:--|:----|:----|---------:|:--|
| Elec Power Ltd (“Elec”)     |                                | Investment holding                                                 |            |                        |   100 | % |     |     |      100 | % |
| (British Virgin Islands)    |                                |                                                                    |            |                        |       |   |     |     |          |   |
| BNL Engineering Private     
 Limited (“BNL”)             
 (Singapore)