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

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 25
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, expressed to be for a fixed sum of money, whether
it was procured by fraud, or in breach of principles of natural justice, or whether the enforcement thereof would be contrary to public
policy.

Accordingly,
there can be no assurance that the Singapore courts would enforce against us, our directors or our executive officers, judgments obtained
in the United States which are predicated upon the civil liability provisions of the federal securities laws of the United States.

  14  

The
ability of our subsidiary in Singapore to distribute dividends to us may be subject to restrictions under applicable laws.

We
are a holding company, and our primary subsidiaries are located in Singapore. Part of our primary internal sources of funds to meet our
cash needs is our share of the dividends, if any, paid by our subsidiary. The distribution of dividends to us from our subsidiary is
subject to restrictions imposed by the applicable laws and regulations in these markets, which are more fully described in “ Dividend
Policy” in this Annual Report. In addition, although there are currently no foreign exchange control regulations which restrict
the ability of our subsidiary in Singapore to distribute dividends to us, the relevant regulations may be changed and the ability of
our subsidiary to distribute dividends to us may be restricted in the future.

Any
adverse material changes to the Singapore market (whether localized or resulting from economic or other conditions) such as the occurrence
of an economic recession, pandemic or widespread outbreak of an infectious disease, could have a material adverse effect on our business,
results of operations and financial condition.

Any
adverse circumstances affecting the Singapore market, such as an economic recession, epidemic outbreak or natural disaster or other adverse
incidents may adversely affect our business, financial condition, results of operations and prospects. Any downturn in the industry which
we operate in resulting in the postponement, delay or cancellation of contracts and delay in recovery of receivables is likely to have
an adverse impact on our business and profitability.

Uncertain
global economic conditions have had and may continue to have an adverse impact on our business in the form of lower revenues due to weakened
demand or lower profit margins.

During
economic downturns or recessions, there can be a heightened competition for our services and increased pressure to reduce our fees as
our clients may reduce their demand for our services. If we lose significant fee volume or reduce the level of our fees significantly,
then there could be a negative impact on our consolidated financial condition or results of operations, profitability and cash flows.

Risks