Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 139

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 139
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 of State. If the surviving corporation is not a Delaware corporation, it must consent to service of process for enforcement of any obligation of the corporation arising as a result of the merger; such obligations include any suit by a stockholder of the disappearing Delaware corporation to enforce appraisal rights under Delaware law.

If a proposed merger or consolidation for which appraisal rights are provided is to be submitted for approval at a shareholder meeting, the subject company must give notice of the availability of appraisal rights to its shareholders at least 20 days prior to the meeting.

A dissenting shareholder who desires to exercise appraisal rights must (a) not vote in favor of the merger or consolidation; and (b) continuously hold the shares of record from the date of making the demand through the effective date of the applicable merger or consolidation. Further, the dissenting shareholder must deliver a written demand for appraisal to the company before the vote is taken. The Delaware Court of Chancery will determine the fair value of the shares exclusive of any element of value arising from the accomplishment or expectation of the merger, together with interest, if any, to be paid upon the amount determined to be the fair value. In determining such fair value, the court will take into account “all relevant factors.” Unless the Delaware Court of Chancery in its discretion determines otherwise, interest from the effective date of the merger through the date of payment of the judgment will be compounded quarterly and accrue at 5% over the Federal Reserve discount rate.

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Shareholders’ suits

There are both statutory and common law remedies available to our shareholders as a matter of BVI law. These are summarized below.

| ● | Prejudiced members: A shareholder who                                                                                                        
 considers that the affairs of a company have been, are being, or are likely to be, conducted in a manner that is, or any act or acts         
 of the company have been, or are, likely to be oppressive, unfairly discriminatory or unfairly prejudicial to him in that capacity,          
 can apply to the court under Section 184I of the BVI Act, inter alia, for an order that his shares be acquired, that he be provided          
 compensation, that the Court regulate the future conduct of the company, or that any decision of the company which contravenes the           
 BVI Act or our memorandum and articles of association be set aside. There is no similar provision under Delaware law.                        |
| ● | Derivative actions: Section 184C of                                                                                                          
 the BVI Act provides that a shareholder of a