Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 74

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 5
Chunk 74
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$ 48,253,736 (US$6,212,101) netted
with a new investment of HK$8,500,000 (US$1,094,275)

Financing
activities

Our
cash inflow from financing activities was principally from the cash receipt from issuance of ordinary shares from IPO. Our cash outflow
used in financing activities was principally for dividend payment, repayment of advance from related parties and payment of deferred
IPO cost.

For
the year ended December 31, 2022, our Group had net cash provided by financing activities of HK125,634,459 primarily attributable to
the receipt from issuance of ordinary shares from IPO of HK$140,537,759, partially offset by (i) repayment of balances with related parties
of HK$10,903,300; and (ii) dividend payment of HK$4,000,000.

For
the year ended December 31, 2023, our Group had net cash used in financing activities of HK$1,581,900 primarily attributable to dividend
payment.

  49  

For
the year ended December 31, 2024, our Group had no cash used in financing activities.

Cash
flow sufficiency

MEGL
believes that, taking into consideration the financial resources presently available, including the current levels of cash and cash flows
from operations, will be sufficient to meet its anticipated cash needs for at least the next twelve months from the date of this Annual
Report.

Capital
Expenditures

Our
Group did not incur any capital expenditure for the years ended December 31, 2022 and the year ended December 31, 2024.

For
the year ended December 31, 2023, we incurred capital expenditure of HK$1,904,972 related to the purchase of motor vehicles.

Long-term
investment

As
of December 31, 2024, our Group had no long-term investments as we have redeemed long-term investments as of December 31, 2023 during
the year.

As
of December 31, 2023, long-term investments represented:

  (i)      HK$14,500,000                                                                                                                       

  (ii)       HK$8,500,000                                                                                                                           
  (iii)      HK$15,647,738                                                                                                                          
  (iv)       HK$1,963,000                                                                                                                           

Contractual
obligations

The
following tables summarized