Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 81

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 81
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 condition and results of operations, our available cash and current and anticipated cash needs, capital requirements, contractual, legal, tax and regulatory restrictions and other implications on the payment of dividends by us to our shareholders or by our subsidiaries to us, and such other factors as our board of directors may deem relevant.

Under BVI law, our board of directors may authorize payment of a dividend to shareholders at such time and of such an amount as they determine if they are satisfied on reasonable grounds that immediately following the dividend the value of our assets will exceed our liabilities and we will be able to pay our debts as they become due. There is no further BVI statutory restriction on the amount of funds which may be distributed by us by dividend.

As we are a holding company, we rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any dividends and other cash distributions to our shareholders, service any debt we may incur and pay our operating expenses. Our ability to pay dividends to our shareholders will depend on, among other things, the availability of dividends from our Hong Kong subsidiaries.

Cash dividends, if any, on our ordinary shares will be paid in U.S. dollars.

Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by us.

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<div align='center'>CAPITALIZATION</div>

The following table sets forth our capitalization as of December 31, 2024 on:

| ● | an actual basis, giving effect                                                                                                       
 to the (i) re-designation of Class A ordinary shares and Class B ordinary shares effectuated on December 5, 2024; and (ii) share     
 combination at a ratio of 4-to-1 effectuated on February 6, 2025; and                                                                |
|:--|:-------------------------------------------------------------------------------------------------------------------------------------|
| ● | on an as adjusted basis to                                                                                                           
 give effect to the issuance and sale of up to 15,000,000 Class A ordinary shares offered hereby, based on an assumed public offering 
 price of $[0.54] per Class A ordinary share after deducting the Placement Agent’s commissions, non-accountable expense               
 allowance and estimated offering expenses payable by us.                                                                             |

You should read this information together with our audited consolidated financial statements appearing elsewhere in this prospectus and the information set forth under the sections titled “Exchange Rate Information,” “Use of Proceeds” and “Management’s Discussion and Analysis of Financial Condition and Results