Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 95

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 95
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 of reduction of monthly rental expenses upon renewal of rental agreement during the year ended December 31, 2024.

Investing activities

Our cash outflow used in investing activities was principally for investment and purchase of property, plant and equipment. Our cash inflow from investing activities was principally from redemption of investment.

For the year ended December 31, 2023, our Group had cash used in investing activities of HK$27,919,010, primarily related to investment of HK$26,110,738 and purchase of motor vehicles of HK$1,904,972.

For the year ended December 31, 2024, our Group had cash from investing activities of HK$39,753,736 (US$5,117,826), primarily related to redemption of long-term investments of HK$48,253,736 (US$6,212,101) netted with a new investment of HK$8,500,000 (US$1,094,275).

Financing activities

Our cash outflow used in financing activities was principally for dividend payment.

For the year ended December 31, 2023, our Group had net cash used in financing activities of HK$1,581,900 primarily attributable to dividend payment.

For the year ended December 31, 2024, our Group had no cash used in financing activities.

Cash flow sufficiency

MEGL believes that, taking into consideration the financial resources presently available, including the current levels of cash and cash flows from operations, will be sufficient to meet its anticipated cash needs for at least the next twelve months from the date of this prospectus.

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Capital Expenditures

Our Group did not incur any capital expenditure for the year ended December 31, 2024.

For the year ended December 31, 2023, we incurred capital expenditure of HK$1,904,972 related to the purchase of motor vehicles.

Long-term investment

As of December 31, 2024, our Group had no long-term investments as we have redeemed long-term investments as of December 31, 2023 during the year.

As of December 31, 2023, long-term investments represented:

| (i)   | HK$14,500,000                                                                                                                         
 (US$1,856,380) in a private company (“Company A”), representing 4.99% equity ownership of Company A, in which the Company             
 does not have any significant influence and such investment does not have readily determin