Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 189

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 189
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 (608,912 | ) |

| (d) | Deferred 
 tax:     |

Significant components of the deferred tax assets (liabilities) are presented below:

|                              |     | 2023 |          |   |     | 2024 |            |   |     | 2024 |          |   |
|                              |     |  HK$ |          |   |     |  HK$ |            |   |     |  US$ |          |   |
| Deferred                     
 tax assets:                  |     |      |          |   |     |      |            |   |     |      |          |   |
| Net                          
 operating loss carryforwards |     |      |  750,087 |   |     |      |  1,246,723 |   |     |      |  160,501 |   |
| Others                       |     |      |        — |   |     |      |          — |   |     |      |        — |   |
| Deferred                     
 tax assets                   |     |      |  750,087 |   |     |      |  1,246,723 |   |     |      |  160,501 |   |
| Less:                        
 Valuation allowance          |     |      | (750,087 | ) |     |      | (1,246,723 | ) |     |      | (160,501 | ) |
| Total                        
 deferred tax assets, net     |     |      |        — |   |     |      |          — |   |     |      |        — |   |

The Group evaluated the recoverable amounts of deferred tax assets to the extent that future taxable profits will be available against which the net operating loss and temporary difference can be utilized. As of December 31, 2024, the Group had tax loss carryforwards of approximately HK$7,555,895 (US$972,733). The carry forward of tax losses in Hong Kong generally has no time limit. As of December 31, 2024, the deferred tax assets were fully provided by a valuation allowance of HK$1,246,723 (US$160,501) as the Group does not expect to realize its deferred taxes in the near future.

As of December 31, 2024 and 2023, the Group had no tax recoverable and no taxes payables.

| F-25 |

<div align='center'>MAGIC EMPI