Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 191

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 191
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 Less: Accumulated depreciation |     |                 | 2,369,902 |     |      | 2,750,897 |     |      | 354,146 |
| Net book value                 |     |                 | 1,695,006 |     |      | 1,314,011 |     |      | 169,163 |

Depreciation expenses recognized for the years ended December 31, 2024 and 2023 were HK$380,995 (US$49,049) and HK$209,966, respectively.

5. RIGHT-OF-USE ASSETS AND OPERATING LIABILITIES

As of December 31, 2024, the Group subsisted of the following non-cancellable lease contracts.

| (a) | Amounts                                       
 recognized in the consolidated balance sheet: |

|                             |     |              As 
 of December 31, |           |     |      |           |     |      |         |
|                             |     |            2023 |           |     | 2024 |           |     | 2024 |         |
|                             |     |             HK$ |           |     |  HK$ |           |     |  US$ |         |
| Right-of-use                
 assets                      |     |                 | 1,658,382 |     |      | 4,188,215 |     |      | 539,183 |
| Operating lease liabilities |     |                 |           |     |      |           |     |      |         |
| Current                     |     |                 | 1,746,317 |     |      | 1,204,436 |     |      | 155,057 |
| Non-current                 |     |                 |         — |     |      | 3,063,509 |     |      | 394,390 |
|                             |     |                 | 1,746,317 |     |      | 4,267,945 |     |      | 549,447 |

| F-22 |

<div align='center'>MAGIC EMPIRE GLOBAL LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 5. | RIGHT-OF-USE                                   
 ASSETS AND OPEARTING LEASE LIABILITIES (cont.) |

| (b) | A                                                                                                                            
 summary of lease cost recognized in the Group’s consolidated statements of operations and supplemental cash flow information 
 related to operating leases is as