Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 12

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 12
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 including a dramatic increase in the price of oil and gas, and
the uncertain resolution of this conflict could result in protracted and/or severe damage to the global economy. Russia’s military
interventions in Ukraine have led to, and may lead to, additional sanctions being levied by the United States, European Union and other
countries against Russia. Russia’s military incursion and the resulting sanctions could adversely affect global energy and financial
markets and thus could affect the global markets, our customers’ businesses and potentially our business. As at the date of this
Annual Report, to the best knowledge of the Company, we (i) do not have any direct business or contracts with any Russian or Ukraine
entity as a supplier or customer, (ii) do not have any knowledge whether any our customers or suppliers have any direct business or contracts
with any Russian entity, (iii) our business segments, lines of service, projects, or operations are not materially impacted by supply
chain disruptions by the war in Ukraine, and (iv) have not been financially affected by the war in Ukraine. The extent and duration of
the military action, sanctions and resulting market disruptions are impossible to predict, but could be substantial. Any such disruptions
caused by Russian military action or resulting sanctions may magnify the impact of other risks described in this section. We cannot predict
the progress or outcome of the situation in Ukraine, as the conflict and governmental reactions are rapidly developing and beyond their
control. Prolonged unrest, intensified military activities or more extensive sanctions impacting the region could have a material adverse
effect on the global economy, and such effect could in turn have a material adverse effect on our business, financial condition, results
of operations and Annual Report.

In
light of the war in Ukraine, our board of directors will continue to monitor any potential risk that might arise due to the war in Ukraine
which are specific to the Company, including but not limited to risks related to cybersecurity, sanctions, and supply chain, suppliers,
or service providers in affected regions as well as risks connected with ongoing or halted operations or investments in affected regions.

Risks
Related to Doing Business in Jurisdictions We Operate

All
our operations are in Hong Kong. However, due to the long arm provisions under the current PRC laws and regulations, the Chinese government
may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at
any time, which could result in a material change in our operations and