Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 5

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 5
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 our revenue during the fiscal years ended April 30, 2023, 2024
and 2025 was derived from Singapore. Therefore, our business, results of operations, financial condition and business prospects are significantly
exposed to the social, economic, political and legal developments primarily in Singapore. Uncertainties in these areas include, but are
not limited to, the risks of war, regional conflicts, terrorism, extremism, nationalism, nullification of contracts, changes in interest
rates, imposition of capital controls, foreign ownership restrictions and international sanctions, changes in government policies and
introduction of new rules or regulations concerning our industry (such as minimum wage,), as well as methods of taxation. In particular,
events with adverse impact on investors’ confidence and risk appetites, such as general deterioration of the economy, mass civil
disobedience movements (such as strikes and industrial actions), significant fluctuations in the stock exchange, deterioration of political
relations or tightening of foreign investment may lead to a reduction in investment/development in the real estate sector and, in turn,
affect our business, results of operations, financial condition and business prospects. Our directors anticipate that Singapore will
continue to be the principal base of our business operations in the near future. There is no assurance that any future changes in the
existing government policies, economic, social and political conditions and the business environment in Singapore, some of which are
beyond our control (such as natural disasters, pandemics/epidemics like the outbreak of COVID-19, severe acute respiratory syndrome,
the H5N1 strain of avian influenza and the H1N1 strain of swine flu, acts of God and other disasters), will not have a negative effect
on our business operations. Specifically, our business and results of operations could be materially and adversely affected by changes
in laws and regulations concerning the construction industry (such as labor safety rules), foreign investment, foreign labor, taxation
and ownership and expropriation of property, as well as environmental or health and safety matters, in Singapore.

Any
deterioration in the market conditions in the electrical engineering sector of the construction industry in Singapore may affect our
business, results of operations, financial condition and business prospects.

All
our projects are located in Singapore. The future growth and level of profitability of the electrical engineering sector of the construction
industry in Singapore depend primarily upon the continuation of construction and building activities, the nature, extent and timing of
which will be determined by the interplay