Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 128

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 128
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 public accounting firm, whether our audited financial 
 statements shall be included in our Annual Report on Form 20-F;                                 |

| ● | monitoring                                                                                          
 the integrity of our financial statements and our compliance with legal and regulatory requirements 
 as they relate to our financial statements and accounting matters;                                  |

| ● | reviewing                                                                                   
 all related person transactions for potential conflict of interest situations and approving 
 all such transactions; and                                                                  |

| ● | reviewing earnings releases |

Compensation Committee

Mr. Yong Thiam Fook, Mr. Ho Soo Lih and Mr. Sung Jin An will serve on the compensation committee, which will be chaired by Mr. Sung Jin An. The compensation committee’s responsibilities include:

| ● | evaluating                                                                                     
 the performance of our chief executive officer in light of such corporate goals and objectives 
 and based on such evaluation: (i) recommending to the board of directors the cash compensation 
 of our chief executive officer; and (ii) reviewing and approving grants and awards to our      
 chief executive officer under equity-based plans;                                              |

| ● | reviewing                                                                                         
 and recommending to the board of directors the cash compensation of our other executive officers; |

| ● | reviewing and establishing                                  
 our overall management compensation, philosophy and policy; |

| ● | overseeing and administering        
 our compensation and similar plans; |

| ● | reviewing                                                                                        
 and approving the retention or termination of any consulting firm or outside advisor to assist   
 in the evaluation of compensation matters and evaluating and assessing potential and current     
 compensation advisors in accordance with the independence standards identified in the applicable 
 Nasdaq rules;                                                                                    |

| ● | retaining and approving the                
 compensation of any compensation advisors; |

| 105 |

| ● | reviewing and approving our                                   
 policies and procedures for the grant of equity-based awards; |

| ● | reviewing and recommending                                       
 to the board of directors the compensation of our directors; and |

| ● | preparing the compensation                                    
 committee report required by SEC rules, if and when required. |

Nomination Committee

Mr. Yong Thiam Fook, Mr. Ho Soo Lih and Mr. Sung Jin An will serve on the nomination committee, which will be chaired by Mr. Ho Soo Lih. The nomination committee’s responsibilities include:

| ● | developing                                                                              
 and recommending to the board of directors criteria for board and committee membership; |

| ● | establishing                                                                                
 procedures for identifying and evaluating board of directors candidates, including nominees 
 recommended by shareholders; and                                                            |

| ● | reviewing                                                                                     
 the composition of