Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 135

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 135
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 2024 |
|:----------------|:----|----------:|:----|----------:|:----|----------:|
|                 |     |       SGD |     |       SGD |     |       USD |
| Non-trade       
 receivables     |     |           |     |           |     |           |
| Shareholders(1) |     |    85,443 |     |    82,899 |     |    62,660 |
| Director        |     |         - |     |    60,000 |     |    45,351 |
| Non-trade       
 payables        |     |           |     |           |     |           |
| Director(2)     |     |    55,899 |     |     6,305 |     |     4,766 |

(1)Other receivable from shareholders and a director are non-trade in nature, unsecured, non-interest bearing and repayable on demand.

(2)The amount due to a director is non-trade in nature, unsecured, non-interest bearing and repayable on demand.

| 111 |

<div align='center'>DESCRIPTION OF SHARE CAPITAL</div>

We were incorporated as an exempted company with limited liability under the laws of the Cayman Islands on October 25, 2024, and our affairs are governed our memorandum and articles of association, as amended and restated from time to time, and the Companies Act (as amended) of the Cayman Islands (which we refer to herein as the “Companies Act”) and the common law of the Cayman Islands.

As of the date hereof, our authorized share capital is US$500,000 divided into 500,000,000 Ordinary Shares of nominal or par value of US$0.001 each. We plan to adopt an amended and restated memorandum and articles of association, or the Post-offering Memorandum and Articles, which will become effective and replace the current memorandum and articles of association in its entirety immediately prior to the completion of this offering. Our authorized share capital immediately prior to the completion of the offering will be US$500,000 divided into 500,000,000 shares of nominal or par value of US$0.001. Immediately prior to the completion of this offering, we will have [●] Ordinary Shares issued and outstanding. All of our Ordinary Shares issued and outstanding prior to the completion of the offering are and will be fully paid, and all of our Ordinary Shares to be issued in