Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 50

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 50
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 a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should not place undue reliance on these forward-looking statements.

You should read this prospectus and the documents that we reference in this prospectus and have filed as exhibits to the registration statement, of which this prospectus is a part, completely and with the understanding that our actual future results or performance may be materially different from what we expect.

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<div align='center'>USE OF PROCEEDS</div>

We estimate that we will receive net proceeds from this offering of approximately US$[●] million after deducting underwriting discounts, commissions and the estimated offering expenses payable by us and based upon an assumed initial offering price of US$4.50 per Ordinary Share (the mid-point of the estimated public offering price range shown on the front cover of this prospectus). We will not receive any proceeds from the sale of Ordinary Shares by the Selling Shareholder.

We currently intend to use the net proceeds from this offering for the following purposes:

● Approximately 30% of the proceeds from the offering to expand and grow existing business through possible future strategic acquisitions, joint venture and/or strategic alliances;

● Approximately 10% to purchase materials as our Group increases the number and/or scale of projects we secure;

● Approximately 10% to expand our workforce to support our business expansion both at the work sites and also back office;

● Approximately 15% to move to a bigger head office to provide more office area and additional physical storage facilities to house inventory and equipment and spare parts;

● Approximately 10% for the rental of a bigger dormitory to house our foreign workers;

● Approximately
5% of the proceeds from the offering for digitalizing our systems, upgrading existing equipment, and investing in software solutions
like enterprise resource planning (ERP) systems, and human resource (HR) systems. This investment aims to streamline our business and
administrative processes, encompassing quoting, invoicing, tracking, procurement with inventory management, accounting, financial reporting,
employee management, to achieve improvement in overall efficiency; and

● The balance of the net proceeds for other working capital and general corporate purposes.

This expected use of the net proceeds from this offering represents our intentions based upon our current plans and business conditions, which could change in the future as our plans and business conditions evolve. As of the date of this prospectus, we cannot predict with certainty all of the particular uses for the net proceeds to