Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 10

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 10
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 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 equity stake of BNL in 2023.

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

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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 Cayman Islands exempted company. Investors in our Ordinary Shares should be aware that they may never directly hold equity interests in our operating subsidiaries in Singapore.

As a result of our corporate structure, our ability to pay dividends to our shareholders depends upon dividends paid by our operating subsidiaries through our BVI subsidiary, Elec Power Ltd. If our existing operating subsidiaries or any newly formed ones incur debt on their own behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us.

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Implications of Being an Emerging Growth Company

As a company with less than US$1.235 billion in revenue for our last fiscal year, we qualify as an “emerging growth company” pursuant to the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting and other requirements compared to those that are otherwise applicable generally to public companies. These provisions include exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley