Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 39

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 39
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 BVI law are not as clearly established as they would be under statutes or judicial precedents in some jurisdictions in
the U. S., and some states (such as Delaware) have more fully developed and judicially interpreted bodies of corporate law.

These
rights and responsibilities are to a large extent governed by the BVI Business Companies Act, 2004 as amended from time to time (the
“ BVI Act”) and the common law of the BVI. The common law of the BVI is derived in part from judicial precedent in the BVI
as well as from English common law, which has persuasive, but not binding, authority on a court in the BVI. In addition, BVI law does
not make a distinction between public and private companies and some of the protections and safeguards (such as statutory pre-emption
rights, save to the extent expressly provided for in the Memorandum and Articles of Association) that investors may expect to find in
relation to a public company are not provided for under BVI law.

There
may be less publicly available information about us than is regularly published by or about U. S. issuers. Also, the BVI regulations governing
the securities of BVI companies may not be as extensive as those in effect in the U. S., and the BVI law and regulations regarding corporate
governance matters may not be as protective of minority shareholders as state corporation laws in the U. S. Therefore, you may have more
difficulty protecting your interests in connection with actions taken by our directors and officers or our principal shareholders than
you would as a shareholder of a corporation incorporated in the U. S.

The
laws of BVI provide limited protections for minority shareholders, so minority shareholders will not have the same options as to recourse
in comparison to the U. S if the shareholders are dissatisfied with the conduct of our affairs.

Under
the laws of the BVI there is limited statutory protection of minority shareholders other than the provisions of the BVI Act dealing with
shareholder remedies. The principal protections under BVI statutory law are derivative actions, actions brought by one or more shareholders
for relief from unfair prejudice, oppression and unfair discrimination and/or to enforce the BVI Act or the Memorandum and Articles of
Association. Shareholders are entitled to have the affairs of the company conducted in accordance with the BVI Act and the Memorandum
and Articles of Association, and are entitled to payment of the fair value of their respective shares upon dissenting from certain enumerated