Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 21

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 21
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types of A& A works for public facilities from time to time. Our government work carries various risks inherent in the government
contracting process. These risks include, but are not limited to, the following:

  Government                                                                                                                                  
  contracts are subject to heightened reputational and contractual risks compared to contracts with commercial customers. For example,        
  government contracts and the proceedings surrounding them are often subject to more extensive scrutiny and publicity. Negative publicity,   
  including an allegation of improper or illegal activity, regardless of its accuracy, may adversely affect our reputation.                   
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  Terms                                                                                                                                       
  Government                                                                                                                                  
  Political                                                                                                                                   

All
these could have a material adverse effect on our business or our results of operations.

  12  

Our
executive officers have no prior experience in operating a U. S. public company, and their inability to operate the public company aspects
of our business could harm us.

Our
executive officers have no experience in operating a U. S. public company, which makes our ability to comply with applicable laws, rules
and regulations uncertain. Our failure to comply with all laws, rules and regulations applicable to U. S. public companies could subject
us or our management to regulatory scrutiny or sanction, which could harm our reputation and share price.

If
we fail to implement and maintain an effective system of internal controls, we may be unable to accurately or timely report our results
of operations or prevent fraud, and investor confidence and the market price of our Ordinary Shares may be materially and adversely affected.

We
were a private company with limited accounting personnel resources. As of the date of this Annual Report, our management has not performed
an assessment of the effectiveness of our internal control over financial reporting, and our independent registered public accounting
firm has not conducted an audit of our internal control over financial reporting. Effective internal control over financial reporting
is necessary for us to provide reliable financial reports and, together with adequate disclosure controls and procedures, are designed
to prevent fraud.

Our
internal controls relating to financial reporting have not kept pace with the expansion of our business. Our financial reporting function
and system of internal controls may be less developed in certain respects than those of similar companies that operate in fewer or more
developed markets and may not provide our management with as much or as accurate or timely information. The Public Company Accounting
Oversight Board, or PCAOB, has defined a material weakness