Company: MEGL
Filing Date: 2025-05-09
Form Type: F-1
Source: 0001641172-25-009448
Chunk: 123

Company: Magic Empire Global Ltd
Filing Date: 2025-05-09
Form: F-1
Chunk 123
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 directly from the information in the accounting restatement, then it will make its determination based on a reasonable estimate of the effect of the accounting restatement. For the year ended December 31, 2024, we had not sought any recoupment of incentive compensation of the Covered Executives.

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<div align='center'>RELATED PARTY TRANSACTIONS</div>

Our Group had fund advance to our Directors as follows:

|                      |     | As of December 31, |        |     |      |   |     |      |   |     |      |   |
|                      |     |               2022 |        |     | 2023 |   |     | 2024 |   |     | 2024 |   |
|                      |     |                HK$ |        |     |  HK$ |   |     |  HK$ |   |     |  US$ |   |
| Wai Ho Chan          |     |                    | 38,066 |     |      | — |     |      | — |     |      | — |
| Sze Hon Johnson Chen |     |                    | 58,634 |     |      | — |     |      | — |     |      | — |

The balances are unsecured and interest-free. All balances with related parties were settled in March 2023.

Policies and Procedures for Related Party Transactions

Our audit committee is tasked with review and approval of all related party transactions. Our policy is to enter into transactions with related parties on terms that, on the whole, are no more favorable, or no less favorable, than those available from unaffiliated third parties.

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<div align='center'>PRINCIPAL SHAREHOLDERS</div>

The following table sets forth information regarding the beneficial ownership of our ordinary shares as of the date of this prospectus by our officers, directors, and 5% or greater beneficial owners of ordinary shares. There is no other person or group of affiliated persons known by us to beneficially own more than 5% of our ordinary shares. The following table assumes that none of our officers, directors or 5% or greater beneficial owners of our ordinary shares will purchase shares in this offering. Holders of our ordinary shares are entitled to one (1) vote per share and vote on all matters submitted to a vote of our shareholders, except as may otherwise be required by law.

We have determined beneficial ownership in accordance with the rules of the SEC.