Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 107

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 107
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 Group and subsidiaries from potential financial impact associated with the loss of Mr. Lim’s services, although such policies may be insufficient to cover us for the damage resulting from any such loss. We will continue to review and assess our risk portfolio and make necessary and appropriate adjustments to our insurance practices to align with our needs and the industry practices in Singapore and the markets which we may operate in the future.

Litigation and Other Legal Proceedings

At the date of this prospectus, we are not party to any claim, litigation or arbitration of material importance and there was no claim, litigation or arbitration of material importance known to our directors to be pending or threatened against us which could have a material adverse effect on our business, results of operations or financial conditions.

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<div align='center'>REGULATORY OVERVIEW</div>

As Herlin and BNL are companies incorporated in Singapore, we are subject to all relevant laws and regulations of Singapore and may be affected by new laws, regulations and policies which are introduced by the Singapore government from time to time. We have identified the main laws and regulations (apart from those pertaining to general business requirements) that we anticipate may materially affect our operations, the relevant regulatory bodies and the licenses, permits and approvals typically required for the conduct of our business in Singapore.

The following description is a summary of material laws and regulations applicable to our operations in Singapore. The laws and regulations set out below are not exhaustive and are only intended to provide general information to investors and are neither designed nor intended to be a substitute for professional advice. Prospective investors should consult their own advisers regarding the implication of the relevant laws and regulations on us.

Business Qualifications and Licences

Contractors registry

The Contractors Registry is administered by the Building Construction Authority, or BCA, and is established to register contractors that provide construction and construction related services to the public sector. Contractors are required to register in a workhead category which best describes their specialization.

Registration of a contractor with BCA is dependent on the contractor fulfilling certain requirements relating to, inter alia, the value of previously completed projects, personnel resources, financial ability and track record. The grading given by BCA is subject to renewal every three years and companies that have not actively tendered for contracts during this period may lose their registration.

The registrations for BNL are set out as follows:

| Workhead(s) |     | Description                       |     | Grade |     | Expiry     
 Date       |
| ME01        |     | Air-Conditioning,                 
 Refrigeration &