Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 29

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 29
---
 if our directors decide to declare and pay dividends, the timing, amount and
form of future dividends, if any, will depend on, among other things, our future results of operations and cash flow, our capital requirements
and surplus, the amount of distributions, if any, received by us from our subsidiaries, our financial condition, contractual restrictions
and other factors as determined by our board of directors. Accordingly, the return on your investment in our Ordinary Shares will likely
depend entirely upon any future price appreciation of our Ordinary Shares.

  17  

We
are a “controlled company” within the meaning of the rules of Nasdaq and, as a result, we are permitted to elect to rely,
and may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.

We
are a “controlled company” as defined under the rules of Nasdaq. For so long as we remain a controlled company under that
definition, we are permitted to elect to rely, and may rely, on certain exemptions from corporate governance rules, including:

  an                                                                                                                                    
  an                                                                                                                                    
  an                                                                                                                                    

As
a result, you may not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements.
Accordingly, a majority of the members of our board of directors might not be independent directors and our nomination and compensation
committees might not consist entirely of independent directors. Our status as a controlled company could cause our Ordinary Shares to
look less attractive to certain investors or otherwise harm our trading price. As a result, the investors will not have the same protection
afforded to shareholders of companies that are subject to these corporate governance requirements.

We
are an emerging growth company within the meaning of the Securities Act and may take advantage of certain reduced reporting requirements.

We
are an “emerging growth company”, as defined in the JOBS Act, and we may take advantage of certain exemptions from various
requirements applicable to other public companies that are not emerging growth companies including, most significantly, not being required
to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, or Section 404, for so long as
we are an emerging growth company. As a result, if we elect not to comply with such auditor attestation requirements, our investors may
not have access to certain information they may deem important.

The
JOBS Act also provides that an emerging growth company does not need to comply with any new or revised