Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 152

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 19
Chunk 152
---
 10, 2016. The authorized number of ordinary shares was 30,000,000 0.0001

On
August 4, 2022, the Company entered into an underwriting agreement with Network 1 Financial Securities, Inc. and Alexander Capital, L. P.
as underwriters named thereof, in connection with its IPO of 5,000,000 4.00

With
the above IPO, the Company received total gross proceeds of HK$ 156,030,000 20,000,000 15,492,241 1,985,803 140,537,759 18,014,197

On
August 12, 2022, the underwriter exercised its warrants in full and the Company issued a total of 256,099

On
November 29, 2024, the shareholders of the Company resolved and approved to amend the maximum number of shares the company was
authorized to issue to become600,000,000shares, with nopar value, each divided into (i)280,000,000Class A ordinary shares; (ii)20,000,000Class B ordinary shares; and (iii)300,000,000non-voting ordinary shares withnopar value each. Each
of the Class A ordinary share and Class B ordinary share has the right to an equal share in any dividend paid by the Company and the
right to an equal share in the distribution of the surplus assets of the Company. However, each Class A ordinary share has the right
to one vote on any resolution, and each Class B ordinary share has the right to twenty votes on any resolutions.

On December 5, 2024, the Company filed
the Third Amended and Restated Memorandum of Association with the Registrar of the British Virgin Islands. The change from ordinary shares
to Class A ordinary shares was reflected with the Nasdaq Capital Market and in the marketplace on January 28, 2025.

On February 6, 2025, the Company effected
a share combination of its shares at a ratio of four (4) shares into one (1). The number of outstanding Class A ordinary shares were reduced
from 16,256,099 Class A ordinary shares to 4,064,026 Class A ordinary shares and the number of outstanding Class B Ordinary Shares were
reduced from 4,000,000 to 1,000,000 Class B ordinary shares. On February 18, 2025