Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 59

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 59
---
 a growing portfolio of successful projects, particularly within the residential property market and public sector. Mr. Lim Say Wei completed the acquisition of his business partner’s entire equity stake of BNL in 2023.

Corporate Structure

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

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.              |

| 45 |

<div align='center'>SELECTED COMBINED FINANCIAL AND OTHER DATA</div>

The following summary combined statements of operations and comprehensive income data and cash flow data for the financial years ended April 30, 2023 and 2024 and summary combined balance sheets data as of April 30, 2023 and 2024 have been derived from our audited combined financial statements included elsewhere in this prospectus. Our combined financial statements are prepared and presented in accordance with the IFRS.

Our historical results are not necessarily indicative of results to be expected for any future period. The following summary combined financial data for the periods and as of the dates indicated are qualified by reference to, and should be read in conjunction with, our combined financial statements and the related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included elsewhere in this prospectus.

You should read the following summary financial data together with our financial statements and the related notes appearing at the end of this prospectus, “Selected Consolidated Financial Data,” “Capitalization” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” We have derived the financial data for the financial years ended April 30, 2023 and 2024 from our audited financial statements included in this prospectus.

Consolidated Balance Sheet

|                                                       |     | April 30,