Company: MEGL
Filing Date: 2025-05-09
Form Type: F-1
Source: 0001641172-25-009448
Chunk: 119

Company: Magic Empire Global Ltd
Filing Date: 2025-05-09
Form: F-1
Chunk 119
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 Not Disclose Demographic Background     |     |      0 |     |      |     |            |     |                     |

Committees of the Board of Directors

We have established an audit committee, a compensation committee and a nominating and corporate governance committee under the board of directors. We have adopted a charter for each of the three committees. Each committee’s members and functions are described below.

Audit Committee

Our audit committee consists of Mr. Chi Wai Siu, Ms. Ka Lee Lam and Ms. Jessica Hung and is chaired by Mr. Chi Wai Siu. We have determined that each of these three director nominees satisfies the “independence” requirements of the Nasdaq Listing Rules and meet the independence standards under Rule 10A-3 under the Securities Exchange Act of 1934, as amended. We have determined that Chi Wai Siu qualifies as an “audit committee financial expert.” The audit committee oversees our accounting and financial reporting processes and the audits of our financial statements. The audit committee is responsible for, among other things:

| ● | selecting                                                                                                                            
 the independent registered public accounting firm and pre-approving all auditing and non-auditing services permitted to be performed 
 by the independent registered public accounting firm;                                                                                |
| ● | reviewing                                                                                                                            
 with the independent registered public accounting firm any audit problems or difficulties and management’s responses;                |
| ● | reviewing                                                                                                                            
 and approving all proposed related party transactions, as defined in Item 404 of Regulation S-K under the Securities Act;            |
| ● | discussing                                                                                                                           
 the annual audited financial statements with management and the independent registered public accounting firm;                       |
| ● | reviewing                                                                                                                            
 the adequacy and effectiveness of our accounting and internal control policies and procedures and any special steps taken to monitor 
 and control major financial risk exposures;                                                                                          |
| ● | annually                                                                                                                             
 reviewing and reassessing the adequacy of our audit committee charter;                                                               |

| 73 |

| ● | meeting                                                                                                                          
 separately and periodically with management and the independent registered public accounting firm;                               |
| ● | monitoring                                                                                                                       
 compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to 
 ensure proper compliance; and                                                                                                    |
| ● | reporting                                                                                                                        
 regularly to the board.                                                                                                          |

Compensation Committee

Our compensation committee consists of Mr. Chi Wai Siu, Ms. Ka Lee Lam and Ms. Jessica Jung and is chaired by Ms. Jessica Hung