Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 13

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 13
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/or the value of our shares. Changes in the policies, regulations,
rules, and the enforcement of laws of the Chinese government may also be quick with little advance notice and our assertions and beliefs
of the risk imposed by the PRC legal and regulatory system cannot be certain.

MEGL
is a holding company and we conduct our operation through our operating subsidiaries in Hong Kong. Our operations are primarily located
in Hong Kong and a few of our clients are PRC corporates. As at the date of this Annual Report, we are not materially affected by recent
statements by the Chinese Government indicating an extent to exert more oversight and control over offerings that are conducted overseas
and/or foreign investment in China-based issuers. However, due to long arm provisions under the current PRC laws and regulations, there
remains regulatory uncertainty with respect to the implementation and interpretation of laws in China. The PRC government may choose
to exercise significant oversight and discretion, and the policies, regulations, rules, and the enforcement of laws of the Chinese government
to which we are subject may change rapidly and with little advance notice to us or our shareholders. As a result, the application, interpretation,
and enforcement of new and existing laws and regulations in the PRC and our assertions and beliefs of the risk imposed by the PRC legal
and regulatory system are often uncertain. In addition, these laws and regulations may be interpreted and applied inconsistently by different
agencies or authorities, and inconsistently with our current policies and practices. New laws, regulations, and other government directives
in the PRC may also be costly to comply with, and such compliance or any associated inquiries or investigations or any other government
actions may:

  delay                                                                                                                                
  result                                                                                                                               
  require                                                                                                                              
  subject                                                                                                                              

  15  

We
are aware that recently, the PRC government initiated a series of regulatory actions and statements to regulate business operations in
certain areas in China with little advance notice, including cracking down on illegal activities in the securities market, enhancing
supervision over China-based companies listed overseas using variable interest entity structure, adopting new measures to extend the
scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement. Since these statements and regulatory actions
are new, it is highly uncertain how soon legislative or administrative regulation making bodies will respond and what existing or new
laws or regulations or detailed implementations and interpretations will be modified or promulgated, if any, and the potential impact
such modified or new laws and