Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 146

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 19
Chunk 146
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 FLOW INFORMATION RELATED TO OPERATING LEASES

                                                                   For                                                                                                         
                                                                   the years ended December 31,                                                                                
                                                                   2022                                             2023                     2024                              
                                                                   HK$                                              HK$                      HK$                               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Amortization                                                                                       1,895,294                1,895,294                1,719,081      221,311  
  ROU                                                                                                        —                        —                4,248,914      546,998  
  Interest                                                                                             232,002                  139,296                   61,232        7,883  
  Cash                                                                                               2,044,020                2,044,020                1,788,518      230,251  

  (c)      The                                                                                                                             
           following table shows the remaining contractual maturities of the Group’s operating lease liabilities as of December 31, 2024:  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

SCHEDULE
OF MATURITIES OF OPERATING LEASE LIABILITIES

                                 Twelve                                     
                                 months ended                               
                                 December 31,                               
 ────────────────────────────────────────────────────────────────────────────
                                 HK$                                        
  2025                                             1,411,265       181,684  
  2026                                             1,721,280       221,594  
  2027                                             1,506,120       193,895  
  Total                                            4,638,665       597,173  
  Less:                                            ( 370,720      ( 47,726  
  Present                                          4,267,945       549,447  

The
weighted-average discount rate used to determine the operating lease liability as of December 31, 2024 and 2023 was 5.375 5.000

6. LONG-TERM INVESTMENT

The
Group’s long-term investments consist of equity investments in private companies and in an investment fund.

For
equity investments without readily determinable fair value, and over which we do not have the ability to exercise significant influence
and do not qualify for the NAV practical expedient of the investment, we use the measurement alternative to measure those investments
at cost, less any impairment, plus or minus changes resulting