Company: MEGL
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001641172-25-016831
Chunk: 176

Company: Magic Empire Global Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 176
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 the Group recognizes revenues from corporate services on a monthly basis when it satisfies its performance obligations throughout the contract terms. There is no contract asset that the Group has right to consideration in exchange for its corporate services that the Group has transferred to its clients. Such right is not conditional on something other than the passage of time.

| F-17 |

<div align='center'>MAGIC EMPIRE GLOBAL LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 2. | SUMMARY                                    
 OF SIGNIFICANT ACCOUNTING POLICIES (cont.) |

Disaggregation of revenue from contracts with clients, in accordance with ASC Topic 606, by major service lines is as follows:

|                          |     | For the years ended 
        December 31, |            |     |      |            |     |      |           |
|                          |     |                2023 |            |     | 2024 |            |     | 2024 |           |
|                          |     |                 HK$ |            |     |  HK$ |            |     |  US$ |           |
| Revenue:                 |     |                     |            |     |      |            |     |      |           |
| IPO Sponsorship services |     |                     |  4,500,000 |     |      |    400,000 |     |      |    51,495 |
| FA and IFA services      |     |                     |  7,105,000 |     |      | 11,730,000 |     |      | 1,510,100 |
| Corporate services       |     |                     |    200,000 |     |      |          — |     |      |         — |
| CA services              |     |                     |  1,987,030 |     |      |    654,230 |     |      |    84,224 |
|                          |     |                     | 13,792,030 |     |      | 12,784,230 |     |      | 1,645,819 |

Revenue disaggregated by timing of revenue recognition for 2024 and 2023 is disclosed in the table below:

|         |     |             For 
 the years ended 
    December 31, |            |     |      |            |     |      |           |
|         |     |            2023 |            |     | 2024 |            |     | 2024 |