Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 37

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 4
Chunk 37
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,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, the Company amended its memorandum of association to effect a 1:40 forward stock split and to change the authorized share
capital to US$500,000 divided into 20,000,000,000 Ordinary Shares with a par value of US$0.000025 each. Concurrently, XJL International
Ltd, Beyond Merchant Limited, KeyStone Builders Group Limited, Kingkey Holdings (International) Limited, Canningale Investments Limited,
SwiftBuild Solutions Group Limited, Ms. Cheng