Company: MEGL
Filing Date: 2025-05-09
Form Type: F-1
Source: 0001641172-25-009448
Chunk: 120

Company: Magic Empire Global Ltd
Filing Date: 2025-05-09
Form: F-1
Chunk 120
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Foreign Private Issuer Exemption

We are a “foreign private issuer,” as defined by the SEC. As a result, in accordance with the rules and regulations of Nasdaq, we may choose to comply with home country governance requirements and certain exemptions thereunder rather than complying with Nasdaq corporate governance standards. We may choose to take advantage of the following exemptions afforded to foreign private issuers:

| ● | Exemption                                                                                                                                   
 from filing quarterly reports on Form 10-Q, from filing proxy solicitation materials on Schedule 14A or 14C in connection with annual       
 or special meetings of shareholders, or from providing current reports on Form 8-K disclosing significant events within four (4)            
 days of their occurrence, and from the disclosure requirements of Regulation FD.                                                            |
| ● | Exemption                                                                                                                                   
 from Section 16 rules regarding sales of Class A ordinary shares by insiders, which will provide less data in this regard than shareholders 
 of U.S. companies that are subject to the Exchange Act.                                                                                     |
| ● | Exemption                                                                                                                                   
 from the Nasdaq rules applicable to domestic issuers requiring disclosure within four (4) business days of any determination to grant       
 a waiver of the code of business conduct and ethics to directors and officers. Although we will require board approval of any such          
 waiver, we may choose not to disclose the waiver in the manner set forth in the Nasdaq rules, as permitted by the foreign private           
 issuer exemption.                                                                                                                           |

Furthermore, Nasdaq Rule 5615(a)(3) provides that a foreign private issuer, such as us, may rely on our home country corporate governance practices in lieu of certain of the rules in the Nasdaq Rule 5600 Series and Rule 5250(d), provided that we nevertheless comply with Nasdaq’s Notification of Noncompliance requirement (Rule 5625), the Voting Rights requirement (Rule 5640) and that we have an audit committee that satisfies Rule 5605(c)(3), consisting of committee members that meet the independence requirements of Rule 5605(c)(2)(A)(ii). If we rely on our home country corporate governance practices in lieu of certain of the rules of Nasdaq, our shareholders may not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq. If we choose to do so, we may utilize these exemptions for as long as we continue to qualify as a foreign private issuer.

Although we are permitted to follow certain corporate governance rules that conform to B