Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 93

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 6
Chunk 93
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ving                                                                                                                     

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  reviewing                                                                                                                            
  reviewing                                                                                                                            
  coordinating                                                                                                                         
  establishing                                                                                                                         
  monitoring                                                                                                                           
  reviewing                                                                                                                            
  reviewing                                                                                                                            

Compensation
Committee

Mr.
Yong Thiam Fook, Mr. Ho Soo Lih and Mr. Sung Jin An serve on the compensation committee, which is chaired by Mr. Sung Jin An.
The compensation committee’s responsibilities include:

  evaluating                                                                                                                                 
  reviewing                                                                                                                                  
  reviewing                                                                                                                                  
  overseeing                                                                                                                                 
  reviewing                                                                                                                                  
  retaining                                                                                                                                  
  reviewing                                                                                                                                  
  reviewing                                                                                                                                  
  preparing                                                                                                                                  

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Nomination
Committee

Mr.
Yong Thiam Fook, Mr. Ho Soo Lih and Mr. Sung Jin An serve on the nomination committee, which is chaired by Mr. Ho Soo Lih.
The nomination committee’s responsibilities include:

  developing                                                                                                                          
  establishing                                                                                                                        
  reviewing                                                                                                                           

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