Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 206

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 206
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 shares held, if any, for the effects of all dilutive potential ordinary shares.

| 2.19 | Dividends |

Equity dividends are recognized when they become legally payable. Interim dividends are recorded in the year in which they are declared payable. Final dividends are recorded in the year in which the dividends are approved by the shareholder.

| F-20 |

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

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 2. | Material                                  
 accounting policy information (Continued) |

| 2.20 | Related parties |

A related party is defined as follows:

| (a) | A                                                                                        
 person or a close member of that person’s family is related to the Group if that person: |

| (i)   | has                                                                                  
 control or joint control over the Group;                                             |
| (ii)  | has                                                                                  
 significant influence over the Group; or                                             |
| (iii) | is                                                                                   
 a member of the key management personnel of the Group or of a parent of the Company. |

| (b) | An                                                                         
 entity is related to the Group if any of the following conditions applies: |

| (i)    | the                                                                                             
 entity and the Group are members of the same group (which means that each parent, subsidiary    
 and fellow subsidiary is related to the others).                                                |
| (ii)   | one                                                                                             
 entity is an associate or joint venture of the other entity (or an associate or joint venture   
 of a member of a group of which the other entity is a member).                                  |
| (iii)  | both                                                                                            
 entities are joint ventures of the same third party.                                            |
| (iv)   | one                                                                                             
 entity is a joint venture of a third entity and the other entity is an associate of the third   
 entity.                                                                                         |
| (v)    | the                                                                                             
 entity is a post-employment benefit plan for the benefit of employees of either the Group       
 or an entity related to the Group. If the Group is itself such a plan, the sponsoring employers 
 are also related to the Group.                                                                  |
| (vi)   | the                                                                                             
 entity is controlled or jointly controlled by a person identified in (a).                       |
| (vii)  | a                                                                                               
 person identified in (a) (i) has significant influence over the entity or is a member of        
 the key management