Company: MAGH
Filing Date: 2025-06-10
Form Type: CORRESP
Source: 0001641172-25-014488
Chunk: 3

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: CORRESP
Chunk 3
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 their Ordinary Shares, and given that
they have all (save for Ms. Cheng) held these shares for more than six months, it is respectfully submitted, when taken as a whole, the
Ordinary Shares proffered for resale by the Resale Shareholders should be sufficient for a valid secondary offering.

Circumstances in which the stockholders receive their shares. Each of the
Resale Shareholders acquired their shares in a bona fide sale and purchase transaction exempt from the registration requirements of the
Securities pursuant to Section 4(a)(2) thereunder. Each Resale Shareholder made standard and customary investment representations, including:
(i) purchase for investment intent with no present intention to distribute any of the securities; (ii) acknowledgment that the shares
could only be sold in compliance with the registration requirements of the Securities Act or the availability of an exemption therefrom;
and (ii) their ability to bear the economic risk of an investment in the Company’s securities for an indefinite period of time.
The full purchase price for the securities was paid at the time of the acquisitions. The Resale Shareholders have taken full investment
risk with respect to the securities with no certainty of an exit strategy or avenue, on market or at all. The facts do not support a conclusion
that the Resale Shareholders acquired the securities for the purpose of distributing them on behalf of the Company. By contrast, the Resale
Shareholders purchased their shares in a bona-fide private placement transaction with customary investment and private placement representations
with no present intent to distribute any shares to any person. The fact that these shareholders have held their shares for more than six
months provides further support for the position that they are not acting as an underwriters or conduit for the sale of shares from the
Company to be public.

Concord & Sage PC. Email:

1360 Valley Vista Dr, Suite 140, Diamond Bar CA 91765

The stockholders’ relationship to the Company. The Resale Shareholders
are not acting on behalf of the Company with respect to the public resale of the shares and have no contractual, legal or other relationship
with the Company with respect to the timing and amount of resales of such shares. Moreover, the Resale Shareholders did not acquire the
resale shares from the Company with a view of distributing the securities as disclosed below.

The amount of shares involved. No shares have been sold by any of the Resale
Shareholders since their bona fide initial acquisition close to seven months