Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 126

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 126
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 the annual audited financial statements with management and the independent registered public accounting firm;                       |
| ● | reviewing                                                                                                                            
 the adequacy and effectiveness of our accounting and internal control policies and procedures and any special steps taken to monitor 
 and control major financial risk exposures;                                                                                          |
| ● | annually                                                                                                                             
 reviewing and reassessing the adequacy of our audit committee charter;                                                               |

| 73 |

| ● | meeting                                                                                                                          
 separately and periodically with management and the independent registered public accounting firm;                               |
| ● | monitoring                                                                                                                       
 compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to 
 ensure proper compliance; and                                                                                                    |
| ● | reporting                                                                                                                        
 regularly to the board.                                                                                                          |

Compensation Committee

Our compensation committee consists of Mr. Chi Wai Siu, Ms. Ka Lee Lam and Ms. Jessica Jung and is chaired by Ms. Jessica Hung. We have determined that each of these directors satisfies the “independence” requirements of the Nasdaq Listing Rules. The compensation committee assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors and executive officers. Our chief executive officer may not be present at any committee meeting during which their compensation is deliberated upon. The compensation committee is responsible for, among other things:

| ● | reviewing                                                                                                                          
 and approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive 
 officers;                                                                                                                          |
| ● | reviewing                                                                                                                          
 and recommending to the board for determination with respect to the compensation of our non-employee directors;                    |
| ● | reviewing                                                                                                                          
 periodically and approving any incentive compensation or equity plans, programs or other similar arrangements; and                 |
| ● | selecting                                                                                                                          
 compensation consultant, legal counsel or other adviser only after taking into consideration all factors relevant to that person’s 
 independence from management.                                                                                                      |

Nominating and Corporate Governance Committee

Our nominating and corporate governance committee consists of Mr. Chi Wai Siu, Ms. Ka Lee Lam and Ms. Jessica Hung and is chaired by Ms. Ka Lee Lam. We have determined that each of these directors satisfies the “independence” requirements of the Nasdaq Listing Rules. The nominating and corporate governance committee assists the board in selecting individuals qualified to become our directors and in determining the composition of the board and its committees. The nominating and corporate governance committee is responsible for, among other things: