Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 193

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 193
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,275 |   |
| Redemption of investments                           |     |             | (48,253,736 | ) |     |       | (48,253,736 | ) |     |       | (6,212,101 | ) |
| Gain on sale of investments                         |     |             |   1,105,998 |   |     |       |   1,105,998 |   |     |       |    142,384 |   |
| Balance as of December 31, 2024                     |     |             |           — |   |     |       |           — |   |     |       |          — |   |

As of December 31, 2024, the Group has no long-term investment. As of December 31, 2023 and 2022, the Group has an investment of HK$14,500,000 in a private company (“Company A”), representing 4.99% equity ownership of Company A, in which the Group does not have any significant influence and such investment does not have readily determinable fair value.

In January 2023, the Group made an investment of HK$8,500,000 (US$1,094,275) in a private company (“Company B”), representing 3.0% equity ownership of Company B, in which the Group does not have any significant influence and such investment does not have readily determinable fair value. Company B operates an e-commerce platform in Hong Kong.

In January 2023, the Group made an investment of HK$15,647,738 (US$2,014,462) into an investment fund which invests in a highly diversified portfolio of revenue sharing contracts of small businesses. Such investment does not have readily determinable fair value and is recorded at cost less impairment, if any.

In June 2023, the Group made an investment of HK$1,963,000 (US$253,000) in Simple agreement for future equity (“SAFE”) of a private company (“Company C”) in which the Group does not have any significant influence. Company C is an AI company dedicated to bettering insights through technology and application of AI. SAFEs are commonly used instruments that allow early investors to invest in a startup company, in exchange for the anticipated potential of future equity, in terms of preferred stock, at some undefined date in the future, when the first priced preferred stock financing round occurs. This is not a transaction of a creditor, but rather that of an