Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 86

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 7
Chunk 86
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ITEM
7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A.
Major Shareholders.

Please
refer to “ Item 6. Directors, Senior Management and Employees - E. Share Ownership.”

B.
Related Party Transactions.

As
of December 31, 2022, our Group had fund advance to our Directors: Wai Ho Chan of HK$38,066 and Sze Hon Johnson Chen of HK$58,634, respectively.
The balances are unsecured and interest-free. All balances with related parties have been settled as of the date of this Annual Report.

Policies
and Procedures for Related Party Transactions

Our
board of directors has created an audit committee in connection with this offering which will be tasked with review and approval of all
related party transactions.

C.
Interests of Experts and Counsel

Not
applicable.

ITEM
8. FINANCIAL INFORMATION