Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 103

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 10
Chunk 103
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. 333-287609), which
was initially filed with the SEC on May 28, 2025, as amended, which was declared effective by the SEC on July 30, 2025. Pursuant to the
initial public offering, an aggregate of 1,650,000 Ordinary Shares were issued upon by the Company, at a public offering price of US$4.00
per share.

The
following are summaries of material provisions amended and restated memorandum and articles of association and the Companies Act insofar
as they relate to the material terms of our Ordinary Share.

Our
Memorandum and Articles

Objects.

Ordinary
Shares.

Dividends.

  65  

Voting
Rights.

An
ordinary resolution to be passed at a meeting by the shareholders requires the affirmative vote of a simple majority of the votes attaching
to the Ordinary Shares cast at a meeting, while a special resolution requires the affirmative vote of no less than two-thirds of the
votes cast attaching to the outstanding Ordinary Shares at a meeting. A special resolution will be required for important matters such
as a change of name or making changes to our Memorandum and Articles. Holders of the Ordinary Shares may, among other things, divide
or combine their shares by ordinary resolution.

General
Meetings of Shareholders.

Shareholders’
general meetings may be convened by a majority of our board of directors. Advance notice of at least seven calendar days is required
for the convening of our annual general shareholders’ meeting (if any) and any other general meeting of our shareholders. A quorum
required for any general meeting of shareholders consists of at least one shareholder present or by proxy, representing not less than
one-third of all votes attaching to all of our shares in issue and entitled to vote.

The
Companies Act provides shareholders with only limited rights to requisition a general meeting, and does not provide shareholders with
any right to put any proposal before a general meeting. However, these rights may be provided in a company’s articles of association.
Our Memorandum and Articles provide that upon the requisition of shareholders representing, as at the date of the deposit of the requisition,
in aggregate not less than one-third of the votes attaching to the issued and outstanding shares of our Company that as at the date of
the deposit entitled to vote at general meetings, our chairman or board will convene an extraordinary general meeting and put the resolutions
so requisitioned to a vote at such meeting.

Transfer
of Ordinary Shares