Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 113

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 113
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 the SFC shall, in addition to any other matter that the SFC may consider relevant, have regard to the following:

| (a) | the financial status or solvency;                                        |
| (b) | the educational or other qualifications or experience having regard to   
 the nature of the functions to be performed;                             |
| (c) | the ability to carry on the regulated activity competently, honestly and 
 fairly; and                                                              |
| (d) | the reputation, character, reliability and financial integrity.          |

of the applicant and other relevant persons as appropriate. The above fit and proper criteria serve as the fundamental basis when the SFC considers each licence or registration application. Detailed guidelines are contained in the Fit and Proper Guidelines, the Licensing Handbook and the Guidelines on Competence.

Minimum capital requirements

Section 145 of the SFO provides that depending on the types of regulated activity a licensed corporation conducts, a licensed corporation is required to maintain at all times paid-up share capital and liquid capital not less than the specified amounts in the Securities and Future (Financial Resources) Rules (the “FRR”).

The following table summarizes the minimum paid-up capital and liquid capital that a licensed corporation is required to maintain for Type 6 (advising on corporate finance) regulated activity:

| Regulated                                  
 activity                                   |     | Minimum paid-up share 
 capital               |            |     | Minimum liquid 
 capital        |           |
| Type 6 (advising on corporate              
 finance)                                   |     |                       |            |     |                |           |
| (a) in the case where the corporation acts 
 as a sponsor                               |     |                       |            |     |                |           |
| - hold client                              
 assets                                     |     | HK$                   | 10,000,000 |     | HK$            | 3,000,000 |
| - not hold client assets                   |     | HK$                   | 10,000,000 |     | HK$            |   100,000 |
| (b) in the case where the corporation does 
 not act as a sponsor:                      |     |                       |            |     |                |           |
| - hold client assets                       |     | HK$                   |  5,000,000 |     | HK$            | 3,000,000 |
| - not hold client assets                   |     |                       |        Not 
 applicable |     | HK$            |   100,000 |

Pursuant