Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 171

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 171
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 inputs. The three levels of inputs used to measure fair value are as follows:

Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2 — Other inputs that are directly or indirectly observable in the marketplace.

Level 3 — Unobservable inputs which are supported by little or no market activity.

The carrying amounts of cash, accounts receivable, interest receivables, other receivables from related parties, other payables to related parties, and accruals and other payables approximate their fair values because of their generally short maturities.

During the year ended December 31, 2024, the Group has new investment of HK$8,500,000 (US$1,094,275), redeemed all the investment of HK$48,253,736 (US$6,212,101) with a net gain on sale of investment of HK$1,105,998 (US$142,384).

The following tables present information about the Group’s assets that were measured at fair value on a recurring basis as of December 31, 2024 and 2023 and indicate the fair value hierarchy of the valuation techniques the Group utilized to determine such fair value.

|                       |     |              |   |     | Quoted    |   |     | Significant |   |     | Significant  |   |
|                       |     |              |   |     | Prices    |   |     | Other       |   |     | Other        |   |
|                       |     |              |   |     | In Active |   |     | Observable  |   |     | Unobservable |   |
|                       |     | December 31, |   |     | Markets   |   |     | Inputs      |   |     | Inputs       |   |
|                       |     |         2024 |   |     | -Level    
 1         |   |     | -Level      
 2           |   |     | -Level       
 3            |   |
|                       |     |          HK$ |   |     | HK$       |   |     | HK$         |   |     | HK$          |   |
| Assets: -             |     |              |   |     |           |   |     |             |   |     |              |   |
| Non-marketable equity 
 securities            |     |              | — |     |           | — |     |             | —