Company: MEGL
Filing Date: 2025-05-09
Form Type: F-1
Source: 0001641172-25-009448
Chunk: 78

Company: Magic Empire Global Ltd
Filing Date: 2025-05-09
Form: F-1
Chunk 78
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 cover page of this prospectus.

We plan to use the net proceeds of this offering as follows:

| ● | Approximately 70% for strengthening                                                                                                        
 of our corporate finance advisory business in Hong Kong and expanding market presence in other international capital markets in particular 
 the US;                                                                                                                                    |

We intend to (i) strengthen our corporate finance advisory business by recruiting additional experienced professional staff including responsible officers and licensed representatives to ensure that we have sufficient staff with appropriate levels of knowledge, skills and experience to provide our services; (ii) enhance the remuneration package of our existing corporate finance to retain talents and professionals for our corporate finance advisory business in Hong Kong.

We plan to collaborate with suitable investment banks or other licensed financial institutions in the U.S. and/or other key markets to better serve our clients.

| ● | The balance of 30% to fund                                
 working capital and for other general corporate purposes. |

The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than as described in this registration statement. We reserve the right to change the use of proceeds that we presently anticipate and describe herein.

To the extent that the net proceeds we receive from this offering are not immediately used for the above purposes, we intend to invest our net proceeds in short-term, interest-bearing bank deposits or debt instruments.

| 43 |

<div align='center'>DIVIDEND POLICY</div>

We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments.

For the years ended December 31, 2024 and 2023, we declared and paid dividend of nil and HK$1,581,900, respectively in relation to our retained profit.

The declaration, amount and payment of any future dividends will be at the sole discretion of our board of directors, subject to compliance with applicable BVI laws regarding solvency. Our board of directors will take into account general