Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 94

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 10
Chunk 94
---
 on their shares in a notice served to such
shareholders at least fourteen days prior to the specified time of payment. The Ordinary Shares that have been called upon and remain
unpaid are subject to forfeiture. For the avoidance of doubt, if the issued shares have been fully paid in accordance with the terms
of its issuance and subscription, the board of directors shall not have the right to make calls on such fully paid shares and such fully
paid shares shall not be subject to forfeiture.

Redemption
of shares

Subject
to the provisions of the BVI Act, we may issue shares on terms that are subject to redemption, at our option or at the option of the
holders, on such terms and in such manner as may be determined by our Memorandum and Articles of Association and subject to any applicable
requirements imposed from time to time by, the BVI Act, the SEC, the Nasdaq Capital Market, or by any recognized stock exchange on which
our securities are listed.

Modifications
of rights

All
or any of the special rights attached to any class of shares may, subject to the provisions of the BVI Act, be amended only pursuant
to a resolution passed at a meeting by the holders of not less than fifty percent of the issued shares in that class.

Changes
in the number of shares we are authorized to issue and those in issue

We
may from time to time by a resolution of shareholders or resolution of our board of directors:

  amend                                                                                                                               
  our Memorandum and Articles of Association to increase or decrease the maximum number of shares we are authorized to issue;         
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  subject                                                                                                                             
  subject                                                                                                                             

  62  

Untraceable
shareholders

Our
Memorandum and Articles of Association do not entitle us to sell the shares of a shareholder who is untraceable.

Inspection
of books and records

Under
BVI Law, holders of our shares are entitled, upon giving written notice to us, to inspect (i) our Memorandum and Articles of Association
(our charter), (ii) the register of members, (iii) the register of directors and (iv) minutes of meetings and resolutions of members
(shareholders), and to make copies and take extracts from the documents and records. However, our directors can refuse access if they
are satisfied that to allow such access would be contrary to our interests.

Rights
of