Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 29

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 29
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 of the Hong Kong National Security Law and HKAA and the Safeguarding National Security Ordinance on Hong Kong
and companies located in Hong Kong. If our Hong Kong subsidiaries are determined to be in violation of the Hong Kong National Security
Law or the HKAA or the Safeguarding National Security Ordinance, by competent authorities, our business operations, financial position
and results of operations could be materially and adversely affected.

A
downturn in the Hong Kong, China or global economy, and economic and political policies of China could materially and adversely affect
our business and financial condition.

Our
operations are located in Hong Kong and a portion of our clients are located in China. Accordingly, our business, prospects,
financial condition and results of operations may be influenced to a significant degree by political, economic and social conditions
in Hong Kong and China generally and by continued economic growth in Hong Kong and China as a whole. The Chinese economy differs from
the economies of most developed countries in many respects, including the amount of government involvement, level of development, growth
rate, control of foreign exchange and allocation of resources. While the Chinese economy has experienced significant growth over the
past decades, growth has been uneven, both geographically and among various sectors of the economy. The Chinese government has implemented
various measures to encourage economic growth and guide the allocation of resources. Some of these measures may benefit the overall Chinese
economy, but may have a negative effect on us.

Economic
conditions in Hong Kong and China are sensitive to global economic conditions. Any prolonged slowdown in the global or Chinese economy
may affect potential clients’ confidence in financial market as a whole and have a negative impact on our business, results of
operations and financial condition. Additionally, continued turbulence in the international markets may adversely affect our ability
to access the capital markets to meet liquidity needs.

  22  

The
Hong Kong legal system embodies uncertainties which could limit the legal protections available to the Company.

Hong
Kong is a Special Administrative Region of the PRC and enjoys a high degree of autonomy under the “one country, two systems”
principle. The Hong Kong Special Administrative Region’s constitutional document, the Basic Law, ensures that the current political
situation will remain in effect for 50 years. Hong Kong has enjoyed the freedom to function in a high degree of autonomy for its affairs,
including currencies, immigration and custom, independent judiciary system and parliamentary system. However, we are not in any position
to guarantee the implementation of the “one