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

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 14
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 regulations will have on our daily business operation, the ability to accept foreign investments and list
on an U. S. or other foreign exchange.

Chinese
government may intervene or influence our operations at any time or may exert more control over offerings conducted overseas and foreign
investment in China-based issuers, which may result in a material change in our operations and/or the value of our shares. The promulgation
of new laws or regulations, or the new interpretation of existing laws and regulations, in each case that restrict or otherwise unfavorably
impact the ability or way we conduct our business and could require us to change certain aspects of our business to ensure compliance,
which could decrease demand for our services, reduce revenues, increase costs, require us to obtain more licenses, permits, approvals
or certificates, or subject us to additional liabilities. To the extent any new or more stringent measures are required to be implemented,
our business, financial condition and results of operations could be adversely affected as well as materially decrease the value of our
shares, potentially rendering it worthless.

If
the Chinese government chooses to exert more oversight and control over offerings that are conducted overseas and/or foreign investment
in China based issuers, such action may significantly limit or completely hinder our ability to offer or continue to offer shares to
investors and cause the value of our shares to significantly decline or be worthless.

(i)
risk in relation to cybersecurity review under the Revised Review Measures

Recent
statements by the Chinese government have indicated an intent to exert more oversight and control over offerings that are conducted overseas
and/or foreign investments in China-based issuers. On July 6, 2021, the General Office of the Communist Party of China Central Committee
and the General Office of the State Council jointly issued a document to crack down on illegal activities in the securities market and
promote the high-quality development of the capital market, which, among other things, requires the relevant governmental authorities
to strengthen cross-border oversight of law-enforcement and judicial cooperation, to enhance supervision over Mainland China-based companies
which listed overseas, and to establish and improve the system of extraterritorial application of the PRC securities laws. Furthermore,
on July 10, 2021, the CAC issued a revised draft of the Measures for Cybersecurity Review for public comments, which required that, among
others, in addition to “operator of critical information infrastructure”, any “data processor” controlling personal
information of no less than one million users which seeks to list in a foreign stock