Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 51

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 4
Chunk 51
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porate services include accounting and financial reporting advisory, company secretarial services, internal control enhancement, investor
relations advisory and other consulting services.

We
generally charge clients a monthly fixed fee or a fixed fee for our corporate services, which is determined on a case-by-case basis with
reference to the scope of service to be provided and the expected time spent and required manpower for performing our services.

Our
Clients

The
clients of our corporate finance advisory business mainly comprise listing applicants and listed companies in Hong Kong and their
respective shareholders, as well as private companies and investors. The clients of our (i) IPO sponsorship services are private
companies seeking a listing on the Mainboard or GEM board of the Stock Exchange; (ii) independent financial advisory services are
listed companies on the Stock Exchange; (iii) financial advisory services and corporate services are either private companies or
listed companies on the Stock Exchange; and (iv) compliance advisory services are listed companies on the Stock Exchange.

Sales
and Marketing

The
sales and marketing function is performed by our corporate finance execution team. Our projects generally originate from the networks
of our Responsible Officers, referrals from existing clients or other professional parties and direct approaches by clients due to our
market reputation or previous business relationships.

License
and Regulations

The
securities market in Hong Kong is highly regulated. The principal regulatory bodies governing our business are the SFC and the Stock
Exchange. Our principal business and our responsible personnel are subject to a number of legislations and regulations and the respective
rules of the SFC, the Stock Exchange and, upon the Listing, the Listing Rules. In particular, we are required to be licensed with the
SFC to carry on our business. As of the date of this Annual Report, GCL was licensed under the SFO to carry on Type 6 (advising on corporate finance) regulated activities. The above license have no expiry date and remain in force until suspended
or revoked, subject to certain continuing obligations, such as payment of annual fee and submission of annual return.

We
have obtained all requisite licenses, permits and certificates necessary to conduct our operations as set out in this Annual Report and
we had complied with all applicable laws, regulations, rules, codes and guidelines in Hong Kong in connection with the business and operation
of our Group in all material respects.

  32  

Competition

The
financial service industry in Hong Kong is highly competitive because of the large number of participants in the market. For details
of