Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 44

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 4
Chunk 44
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ITEM
4. INFORMATION ON THE COMPANY

A.
History and Development of the Company.

Historical
Structure

In
May 2016, MEGL was incorporated under the laws of the BVI, as a holding company of our businesses.

In
June 2016, GFHL was incorporated under the laws of Hong Kong, as an intermediate holding company.

In
June 2016, GCL was incorporated under the laws of Hong Kong to engage in corporate finance business. GCL was licensed to undertake Type
6 (Advising on corporate finance) regulated activity and act as sponsor from the SFC in February 2017.

In
September 2022, GIL and MEIL were incorporated under the laws of Hong Kong as investment holding companies.

In
August 2023, GCSL was incorporated under the laws of Hong Kong to provide corporate services.

See
ITEM 4. C “ Organizational structure” for our organization structure.

Increase
in authorized shares and share split

MEGL
was established under the laws of BVI on May 10, 2016. The authorized number of ordinary shares was 50,000 shares with a par value of
US$1.0.

On
July 14, 2021, the shareholders of the Company resolved and approved an increase in authorized shares and share split at a ratio of 150,000-for-1
to create an additional 300,000,000 of the authorized ordinary shares with a par value of US$0.0001 (the “ Increase in Share Capital”)
as part of the Company’s recapitalization prior to the listing. Following the Increase in Share Capital, on July 15, 2021, the
Company newly issued 15,000,000 ordinary shares with a par value of US$0.0001 (the “ Shares Issued”). Following the Shares
Issued, the Company repurchased and cancelled 100 of the outstanding shares with a par value of US$1.0 issued as well as cancelled 50,000
of the authorized shares with a par value of US$1.0.

Share re-designation and share combination

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 become 600,000,000 shares with no par value each divided
into (i) 280,000,000 Class A ordinary shares; (ii) 20