Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 35

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 35
---
 from Nasdaq, our operation, price of our Class A ordinary shares would be adversely affected.

Our
dual-class voting structure will limit your ability to influence corporate matters and could discourage others from pursuing any change
of control transactions that holders of our Class B ordinary shares may view as beneficial.

We
have a dual-class voting structure consisting of Class A ordinary shares and Class B ordinary shares. Based on our
dual-class voting structure, holders of Class A ordinary shares will be entitled to one (1) vote per share in respect of
matters requiring the votes of shareholders, while holders of Class B ordinary shares will be entitled to twenty (20) votes per
share. Due to the disparate voting powers associated with our two classes of ordinary shares, our directors and officers in
aggregate approximately 52.1% of voting power of our Company as of the date of this Annual Report. Their interests may not coincide
with your interests, and it may make decisions with which you disagree, including decisions on important topics such as the
composition of the board of directors, compensation, management succession, and our business and financial strategy.

Our
directors, officers and principal shareholders have significant voting power and may take actions that may not be in the best interests
of our other shareholders.

We
are a “controlled company” as defined under the Nasdaq Stock Market Rules because, as of the date of this Annual Report,
our directors, officers and principal shareholders held in aggregate 52.1% of our total issued and outstanding shares, representing
approximately 89.9% of the total voting power. These shareholders, if they act together, will be able to control the management and
affairs of our Company and most matters requiring shareholder approval, such as the election of directors, amendments to our organizational
documents and any merger, consolidation, sale of all or substantially all of our assets or other major corporate transactions. The interests
of these shareholders may not be the same as or may even conflict with your interests. For example, these shareholders could attempt
to delay or prevent a change in control of us, even if such change in control would benefit our other shareholders, which could deprive
our shareholders of an opportunity to receive a premium for shares as part of a sale of us or our assets, and might affect the prevailing
market price of our shares due to investors’ perceptions that conflicts of interest may exist or arise. As a result, this concentration
of ownership may not be in the best interests of our other shareholders.