Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 34

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 34
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 or governing bodies due
to ambiguities related to their application and practice, regulatory authorities may also initiate legal proceedings against us and our
business may be adversely affected.

You
may face difficulties in protecting your interests, and your ability to protect your rights through U. S. courts may be limited, because
we are incorporated under Cayman Islands law.

We
are an exempted company incorporated under the laws of the Cayman Islands with limited liability. Our corporate affairs are governed
by our memorandum and articles of association, the Companies Act and the common law of the Cayman Islands. The rights of shareholders
to take action against our directors and us, actions by minority shareholders and the fiduciary duties of our Directors to us under Cayman
Islands law are to a large extent governed by the common law of the Cayman Islands. The common law of the Cayman Islands is derived in
part from comparatively limited judicial precedent in the Cayman Islands as well as from English common law, which are generally of persuasive
authority, but are not binding, on a court in the Cayman Islands. The rights of our shareholders and the fiduciary duties of our directors
under Cayman Islands law are not as clearly established as they would be under statutes or judicial precedent in some jurisdictions in
the United States. In particular, the Cayman Islands has a different body of securities laws than the United States, and provide significantly
less protection to investors. In addition, Cayman Islands companies may not have the standing to initiate a shareholder derivative action
in a federal court of the United States. There is no statutory recognition in the Cayman Islands of judgments obtained in the United
States, although the courts of the Cayman Islands will generally recognize and enforce a non-penal judgment of a foreign court of competent
jurisdiction without retrial on the merits.

  20  

Shareholders
of Cayman Islands exempted companies like us have no general rights under Cayman Islands law to inspect corporate records or to obtain
copies of lists of shareholders of these companies. Our directors are not required under our memorandum and articles of association to
make our corporate records available for inspection by our shareholders. This may make it more difficult for you to obtain the information
needed to establish any facts necessary for a shareholder resolution or to solicit proxies from other shareholders in connection with
a proxy contest.

Certain
corporate governance practices in the Cayman Islands, which is our home country, differ significantly from requirements for companies
incorporated in other jurisdictions such