Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 137

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 137
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 procedures for identifying and evaluating board of directors candidates, including nominees 
 recommended by shareholders; and                                                            |

| ● | reviewing                                                                                     
 the composition of the board of directors to ensure that it is composed of members containing 
 the appropriate skills and expertise to advise us.                                            |

While we do not have a formal policy regarding board diversity, our nomination committee and board of directors will consider a broad range of factors relating to the qualifications and background of nominees, which may include diversity (not limited to race, gender or national origin). Our nomination committee’s and board of directors’ priority in selecting board members is identification of persons who will further the interests of our shareholders through their established record of professional accomplishment, the ability to contribute positively to the collaborative culture among board members, knowledge of our business, understanding of the competitive landscape and professional and personal experience and expertise relevant to our growth strategy.

Duties of Directors

Under Cayman Islands law, our directors owe fiduciary duties to our Company, including a duty to act honestly, in good faith and with a view to our best interests. Our directors must also exercise their powers only for a proper purpose. Our directors also have a duty to exercise the care, diligence and skills that a reasonably prudent person would exercise in comparable circumstances. In fulfilling their duty of care to us, our directors must ensure compliance with our memorandum and articles of association, as amended and restated from time to time. In certain limited exception circumstances, our Company has the right to seek damages against any directors who breaches a duty owed to us.

Our board of directors has all the powers necessary for managing, and for directing and supervising, our business affairs. The functions and powers of our board of directors include, among others:

| ● | convening                                                                            
 shareholders’ annual general meetings and reporting its work to shareholders at such 
 meetings;                                                                            |

| ● | declaring dividends and distributions; |

| ● | appointing officers and determining 
 the term of office of officers;     |

| ● | exercising                                                                          
 the borrowing powers of our company and mortgaging the property of our company; and |

| ● | approving the registering                         
 of such transfer of shares in our share register. |

| 106 |

Terms of Directors and Officers

Our directors are not subject to a term of office and hold office until such time as they are removed from office by ordinary resolution or the unanimous written resolution of all shareholders.

Our officers are elected by and serve at the discretion of our board of directors, and may be removed by our board of