Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 8

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 8
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, particularly within the hospitality industry.

BNL was established in November 2012 by Mr. Lim and a business partner, to provide electrical installation and licensing services for greenfield electrical installation projects in both the private and public sectors in Singapore. Recognizing the lack of comprehensive project management services in the industry for greenfield electrical installation projects, BNL is dedicated to delivering added-value services with a skilled in-house team of licensed professionals and various BCA workhead registrations, specializing in electrical installations and certification services. Over the years, BNL has built up a growing portfolio of successful projects, particularly within the residential property market and public sector. Mr. Lim completed the acquisition of his business partner’s entire 60% equity stake of BNL on April 5, 2023.

Mr. Lim was able to exercise absolute control before Mr. Lim’s acquisition of the business partner’s equity stake by reference to the IFRS 10 Consolidated Financial Statements including the Appendix B Application Guidance Assessing Control (i) the purpose and design of BNL’s business activities; (ii) power over BNL’s decision making; (iii) exposure or rights to variable returns from its involvement with BNL; and (iv) the ability to use its power over BNL to affect the amount of the investor’s returns.

The chart below sets out our corporate structure as of the date of this prospectus with percentages held pre and post offering.

| 4 |

Notes:

| (1) | A                                                                                   
 company wholly-owned by Mr. Lim.                                                    |
| (2) | A                                                                                   
 company wholly-owned by Mr. Cheung Sze Wah, Sam, an independent third party.        |
| (3) | A                                                                                   
 company wholly-owned by Ms. Yip Ka Ki, Cherry, an independent third party.          |
| (4) | A                                                                                   
 company wholly-owned by Mr. Chen Jiajun, an independent third party.                |
| (5) | A                                                                                   
 company wholly-owned by Mr. Cheung Ching Ping, Stephen, an independent third party. |
| (6) | A                                                                                   
 company wholly-owned by Mr. Cheung Sai Ho, an independent third party.              |

Holding Company Structure

Magnitude International Ltd is an exempted company incorporated in the Cayman Islands with no material operations of its own. We conduct our operations primarily in Singapore through Herlin and BNL, our operating subsidiaries in Singapore. The Ordinary Shares offered in this offering are shares of Magnitude International Ltd, a