Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 61

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 5
Chunk 61
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ITEM
5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

The
following discussion should be read in conjunction with the audited consolidated financial statements and related notes which appear
elsewhere in this Annual Report. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual
results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including
those discussed elsewhere in this Annual Report, including those set forth under “ Item 3. Key Information - D. Risk Factors.”

Exchange
rate information

MEGL
is a holding company with operations conducted in Hong Kong through its operating subsidiaries in Hong Kong using Hong Kong dollars with
reporting currency in Hong Kong dollars. Translations of amounts from HK$ into US$ are solely for the convenience of the reader and were
calculated at the noon buying rate of US$1 = HK$ 7.7677 on December 31, 2024, as published in H.10 statistical release of the United
States Federal Reserve Board. We make no representation that the HKD or U. S. dollar amounts referred to in this Annual Report could have
been or could be converted into U. S. dollars or HKD, as the case may be, at any particular rate or at all.

A.
Operating results

We
are a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services. Its service offerings mainly comprise (i) IPO sponsorship services; (ii) financial advisory and independent financial advisory
services; (iii) compliance advisory services; and (iv) corporate services.

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Key
factors affecting our results of operations

Our
results of operations have been and will continue to be affected by a number of factors, including those set out below:

General
market conditions of the capital market and corporate finance industry in Hong Kong

Our
business is closely related to the capital market and corporate finance industry in Hong Kong. We provide corporate finance advisory
services comprising of (i) IPO sponsorship services; (ii) financial advisory and independent financial advisory services; (iii) compliance
advisory services; and (iv) corporates services. Our services are affected by the capital market and corporate
finance industry in Hong Kong. Any material deterioration in the financial and economic conditions of the financial and capital market
in Hong Kong could materially and adversely affect our business and prospects. The Hong Kong financial and capital market is susceptible
to changes in the global as well