Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 274

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 274
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100,162 |   |     |   8,877 |   |     |   6,709 |   |
| Tax concessions and deductions                            |     |                              |   (5,385 | ) |     |       - |   |     |       - |   |
| Deferred tax not recognized                               |     |                              | (241,524 | ) |     | (38,556 | ) |     | (29,143 | ) |
|                                                           |     |                              |    6,471 |   |     |   1,404 |   |     |   1,061 |   |

| F-76 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| 21. | Income                  
 tax expense (Continued) |

Unrecognized deferred tax assets

The movement in unrecognized deferred tax assets is shown below:

|                        |     |    Capital 
 allowances |     |        Tax 
     losses |   |     | Donations |     |      Total |   |
|                        |     |        SGD |     |        SGD |   |     |       SGD |     |        SGD |   |
| At May 1, 2023         |     |    138,214 |     |  3,495,892 |   |     |    13,750 |     |  3,647,856 |   |
| Addition               |     |          - |     | (1,540,331 | ) |     |    23,738 |     | (1,516,593 | ) |
| At April 30, 2024      |     |    138,214 |     |  1,955,561 |   |     |    37,488 |     |  2,131,263 |   |
| Addition/(Utilization) |     |      4,911 |     |   (236,713 | ) |     |     5,000 |     |   (226,802 | ) |
| At October 31, 2024    |     |    143,125 |     |  1,718,848 |   |     |    42,488 |     |  1,904,461 |   |

|                                    |     |     April 
 30