Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 50

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 4
Chunk 50
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full financial year commencing after the date of its initial listing under the GEM Listing Rules for GEM listings. At any time after
the initial period, the Stock Exchange may direct the listed company to appoint a compliance adviser for a specified period and to undertake
the compliance advisory role as may be specified by the Stock Exchange.

As
a compliance adviser, our main responsibilities include: (i) ensuring that clients are properly guided and advised as to compliance with
the Listing Rules and the GEM Listing Rules (as the case may be); (ii) upon the clients notifying us of a proposed change in the use
of proceeds of the initial public offering, discussing with the clients (a) their operating performance and financial condition by reference
to their business objectives and use of issue proceeds as stated in the listing document; (b) compliance with the terms and conditions
of any waivers granted from the Listing Rules or the GEM Listing Rules (as the case maybe); (c) whether any profit forecast or estimate
in the listing document will be or has been met by the clients and advise the clients to notify the Stock Exchange and inform the public
in a timely and appropriate manner; and (d) compliance with any undertakings provided by the clients and its directors at the time of
listing, and, in the event of non-compliance, discuss the issue with the board of directors of the clients and make recommendations to
the board regarding appropriate remedial steps; (iii) accompanying the clients to any meetings with the Stock Exchange, unless otherwise
requested by the Stock Exchange; (iv) in relation to an application by the clients for a waiver from any of the requirements in Chapter
14A of the Listing Rules or Chapter 20 of the GEM Listing Rules (as the case maybe), advising the clients on their obligations and in
particular the requirement to appoint an independent financial adviser; and (v) providing advices to the clients upon their requests
before the publication of any regulatory announcement, circular or financial report, where a transaction which might be a notifiable
or connected transaction is contemplated including share issues and share repurchases and where the clients proposes the change of the
use of the proceeds of initial public offerings.

  31  

We
generally charge clients a monthly fixed fee for our compliance advisory services, which is determined on a case-by-case basis with reference
to the scope of service to be provided and the expected time spent and required manpower for performing our services.

Corporate
services

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