Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 114

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 10
Chunk 114
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 Specified Foreign Financial Assets, with their tax return for
each year in which they hold Ordinary Shares. Failure to report such information could result in substantial penalties. You should consult
your own tax advisor regarding your obligation to file a Form 8938.

THE
DISCUSSION ABOVE IS A GENERAL SUMMARY. IT DOES NOT COVER ALL TAX MATTERS THAT MAY BE OF IMPORTANCE TO A PARTICULAR INVESTOR. EACH PROSPECTIVE
INVESTOR IN OUR ORDINARY SHARES IS URGED TO CONSULT ITS OWN TAX ADVISER ABOUT THE TAX CONSEQUENCES TO IT OF OWNING AND DISPOSING OF OUR
ORDINARY SHARES IN LIGHT OF SUCH PROSPECTIVE INVESTOR’ S OWN CIRCUMSTANCES.

Documents
on Display

You
may read and copy documents referred to in this Annual Report on Form 20-F that have been filed with the SEC at the SEC’s Public
Reference Room, 450 Fifth Street, N. W., Washington, D. C. You may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. You can also obtain copies of our SEC filings by going to the SEC’s website at http://www. sec. gov.

The
SEC allows us to “incorporate by reference” the information we file with the SEC. This means that we can disclose important
information to you by referring you to another document filed separately with the SEC. The information incorporated by reference is considered
to be part of this Annual Report on Form 20-F.

  73  

DIVIDEND
POLICY

Dividends
declared by the companies comprising our Group in respect of the financial years ended April 30, 2023, 2024 and 2025 are set forth below:

  Year                Interim           
  2023                250,000           
  2024                450,000           
  2025              1,600,000      (1)  

  (1)      S$1,000,000                                                                         

While
we currently have no plans to distribute dividends, in the event we consider distributing a dividend in the future, our Board shall take
into account, among other things, the following factors when deciding whether to propose a dividend and in determining the dividend amount:
(a) operating and financial results; (b) cash flow situation; (c) business conditions and strategies; (d) future operations and earnings;
(e