Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 97

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 7
Chunk 97
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ITEM
7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

PRINCIPAL
AND SELLING SHAREHOLDERS

The
following table sets forth information regarding beneficial ownership of our Ordinary Shares as of the date of this Annual Report by:

  all                                                                                                           
  each                                                                                                          

Applicable
percentage ownership in the table below is based on 33,350,000 Ordinary Shares issued and outstanding and 35,000,000 Ordinary Shares
issued and outstanding immediately after the completion of the IPO.

Beneficial
ownership is determined in accordance with the rules and regulations of the SEC. In computing the number of shares beneficially owned
by a person and the percentage ownership of that person, we have included shares that the person has the right to acquire within 60 days,
including through the exercise of any option, warrant or other right or the conversion of any other security. These shares, however,
are not included in the computation of the percentage ownership of any other person.

  61  

                                                       Ordinary Shares                             
                                                       Beneficially                                
                                                       Number                                      
  Directors and Executive Officers (1):                                                            
  Mr. Lim                                                                   21,861,200      62.46  
  Mr. Sam                                                                            0          0  
  Mr. Lo                                                                             0          0  
  Mr. Sim                                                                            0          0  
  Mr. Loh                                                                            0          0  
  Mr. Yong (3)                                                                       0          0  
  Mr. Ho (3)                                                                         0          0  
  Mr. Sung (3)                                                                       0          0  
  All directors and executive officers as a group                           21,861,200      62.46  
  XJL International Ltd (4)                                                 21,861,200      62.46  

Notes:

  (1)      Except                                                                                                                                
  (2)      Includes                                                                                                                              
  (3)      Each                                                                                                                                  
  (4)      XJL                                                                                                                                   

RELATED
PARTY TRANSACTIONS

We
have adopted an audit committee charter, which requires the committee to review all related-party transactions on an ongoing basis and
all such transactions be approved by the committee.

Set
forth below are related party transactions of our Company for the years ended April 30, 2023, 2024, and 2025, which are identified in
accordance with the rules prescribed under Form 20-F and may not be