Company: MEGL
Filing Date: 2025-05-09
Form Type: F-1
Source: 0001641172-25-009448
Chunk: 94

Company: Magic Empire Global Ltd
Filing Date: 2025-05-09
Form: F-1
Chunk 94
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 of HK$1,904,972.

For the year ended December 31, 2024, our Group had cash from investing activities of HK$39,753,736 (US$5,117,826), primarily related to redemption of long-term investments of HK$48,253,736 (US$6,212,101) netted with a new investment of HK$8,500,000 (US$1,094,275).

Financing activities

Our cash outflow used in financing activities was principally for dividend payment.

For the year ended December 31, 2023, our Group had net cash used in financing activities of HK$1,581,900 primarily attributable to dividend payment.

For the year ended December 31, 2024, our Group had no cash used in financing activities.

Cash flow sufficiency

MEGL believes that, taking into consideration the financial resources presently available, including the current levels of cash and cash flows from operations, will be sufficient to meet its anticipated cash needs for at least the next twelve months from the date of this prospectus.

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Capital Expenditures

Our Group did not incur any capital expenditure for the year ended December 31, 2024.

For the year ended December 31, 2023, we incurred capital expenditure of HK$1,904,972 related to the purchase of motor vehicles.

Long-term investment

As of December 31, 2024, our Group had no long-term investments as we have redeemed long-term investments as of December 31, 2023 during the year.

As of December 31, 2023, long-term investments represented:

| (i)   | HK$14,500,000                                                                                                                         
 (US$1,856,380) in a private company (“Company A”), representing 4.99% equity ownership of Company A, in which the Company             
 does not have any significant influence and such investment does not have readily determinable fair value. Company A is a provider    
 of SCM services that specialize in the apparel industry and the construction materials industry, delivering a one-stop solution to    
 its customers for a broad range of apparel and construction materials where its solutions are customized to meet its clients’         
 specific needs.                                                                                                                       |
| (ii)  | HK$8,500,000                                                                                                                          
 (US$1,088,223) in a private company (“Company B”), representing 3.0% equity ownership of Company B, in which the