Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 42

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 4
Chunk 42
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, we are not required to provide as many Exchange Act reports, or as frequently, as a domestic public company.

  25  

Both
foreign private issuers and emerging growth companies are also exempt from certain more stringent executive compensation disclosure rules.
Thus, even if we no longer qualify as an emerging growth company but remain a foreign private issuer, we will continue to be exempt from
the more stringent compensation disclosures required of companies that are neither emerging growth companies nor foreign private issuers.

In
addition, as a company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate
governance matters that differ significantly from the corporate governance listing requirements of Nasdaq. These practices may afford
less protection to shareholders than they would enjoy if we complied fully with corporate governance listing requirements of Nasdaq.
We rely on home country practice to be exempted from certain of the corporate governance requirements of Nasdaq, such that a majority
of the directors on our board are not required to be independent directors.

Controlled
Company

We
are a “controlled company” as defined under Nasdaq corporate governance rules because Mr. Lim, will hold more than 50% of
the aggregate voting power of our total issued and outstanding share capital. Therefore, we will be able to rely on exemptions from certain
corporate governance rules available to controlled companies. See “ Management - Controlled Company Exemptions.”

Market
and Industry Data

This
Annual Report contains estimates and information concerning our industry that are based on industry publications and reports. This information
involves a number of assumptions and limitations, and you are cautioned not to place undue reliance on these estimates. We have not independently
verified the accuracy or completeness of the data contained in these industry reports. The industry in which we operate is subject to
a high degree of uncertainty and risk due to a variety of factors, including those described in the “ Risk Factors” section.
These and other factors could cause results to differ materially from those expressed in these publications and reports.

BUSINESS
OVERVIEW

Our
Mission

Our
mission is to become one of the leading integrated one-stop electrical installation services provider in Singapore. Our emphasis is to
add value to all stakeholders by ensuring that all buildings which we have serviced are safe, functional and energy efficient.

Overview

We
have over 12 years of experience in providing electrical installation services to customers in both the private and public sectors in
Singapore. Electrical installation is the process of installing electrical wiring and equipment/system