Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 197

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 197
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 are subject to Hong Kong profits tax on their taxable income as reported in their statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. For these subsidiaries, the first HK$2 million of assessable profits are taxed at 8.25% and the remaining assessable profits are taxed at 16.5%.

| (a) | Taxation                               
 in the statement of income represents: |

|                                            |     | 2023 |   |     | 2024 |   |     | 2024 |   |
|                                            |     |  HK$ |   |     |  HK$ |   |     |  US$ |   |
| Hong Kong profits tax provision (benefits) 
 for the year:                              |     |      |   |     |      |   |     |      |   |
| Current                                    |     |      | — |     |      | — |     |      | — |
| Deferred                                   |     |      | — |     |      | — |     |      | — |
|                                            |     |      | — |     |      | — |     |      | — |

| F-24 |

<div align='center'>MAGIC EMPIRE GLOBAL LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 10. | INCOME      
 TAX (cont.) |

| (b) | The                                                                                     
 following table reconciles Hong Kong statutory rates to the Group’s effective tax rate: |

|                                             |     | 2023 |       |    |     | 2024 |       |    |
| Hong Kong statutory income tax              
 rate                                        |     |      |  16.5 | %  |     |      |  16.5 | %  |
| Preferential tax rate in Hong Kong          |     |      |     — |    |     |      |     — |    |
| Expenses not deductible for                 
 tax(1)                                      |     |      | (76.5 | )% |     |      | (16.5 | )% |
| Effect of tax rates in foreign jurisdiction |     |      | (23.3 | )% |     |      |  (4.2 | )% |
| Valuation allowance                         |     |      |  (3.9 | )% |     |      | (10.3 | )% |
| Permanent difference(2)                     |     |      |  87.2 | %