Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 91

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 10
Chunk 91
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 entitled
to vote on any and all matters. There are no prohibitions to cumulative voting under the laws of the BVI, but our Memorandum and Articles
of Association do not provide for cumulative voting.

Qualification

There
is currently no shareholding qualification for directors, although a shareholding qualification for directors may be fixed by our shareholders
by ordinary resolution.

  60  

Meetings

We
must provide written notice of all meetings of shareholders, stating the time, date and place and, in the case of a special meeting of
shareholders, the purpose or purposes thereof, at least seven days before the date of the proposed meeting to those persons whose names
appear as shareholders in the register of members on the date of the notice and are entitled to vote at the meeting. Our board of directors
shall call a special meeting upon the written request of shareholders holding at least 30% of our outstanding voting shares. In addition,
our board of directors may call a special meeting of shareholders on its own motion. A meeting of shareholders held in contravention
of the requirement to give notice is valid if shareholders holding at least 90 percent of the total voting rights on all the matters
to be considered at the meeting have waived notice of the meeting and, for this purpose, the presence of a shareholder at the meeting
shall constitute waiver in relation to all the shares which that shareholder holds.

At
any meeting of shareholders, a quorum will be present if there are shareholders present in person or by proxy representing not less than
one-third (1/3) of the votes of the shares entitled to vote on the resolutions to be considered at the meeting. Such quorum may be represented
by only a single shareholder or proxy. No business may be transacted at any general meeting unless a quorum is present at the commencement
of business. If within two hours from the time appointed for the meeting a quorum is not present, the meeting, if convened upon the requisition
of shareholders, shall be dissolved; in any other case it shall stand adjourned to the next business day in the jurisdiction in which
the meeting was to have been held at the same time and place, and at the adjourned meeting those who present within one hour from the
time appointed for the meeting in person or by proxy entitled to vote on the matters to be considered by the meeting shall constitute
a quorum but otherwise the meeting shall be dissolved. If present, the chair of our board of directors shall be the chair