Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 11

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 11
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to pursue its business objectives may be materially adversely affected. We will continue to closely monitor the situation throughout
2025 and beyond.

We
face risks related to natural disasters, health epidemics and other outbreaks, which could significantly disrupt our operations.

We
are vulnerable to natural disasters and other calamities. Fire, floods, typhoons, earthquakes, power loss, telecommunications failures,
break-ins, war, riots, terrorist attacks or similar events may give rise to server interruptions, breakdowns, system failures, technology
platform failures or Internet failures, which could cause the loss or corruption of data or malfunctions of software or hardware as well
as adversely affect our ability to operate, including communicating with clients and the relevant listing authorities. Moreover, besides
COVID-19, our business and ability to operate could also be adversely affected by Ebola virus disease, Zika virus disease, H1N1 flu,
H7N9 flu, avian flu, SARS or other epidemics.

Our
headquarters are located in Hong Kong, where our directors and management and a majority of our employees currently reside. In addition,
our system hardware and back-up systems are hosted in leased facilities located in Hong Kong. Consequently, we are highly susceptible
to factors adversely affecting Hong Kong. If any of the abovementioned natural disasters, health epidemics or other outbreaks were to
occur in Hong Kong, our operation may experience material disruptions, such as temporary closure of our offices and suspension of services,
which may materially and adversely affect our business, financial condition and results of operations.

The
war in Ukraine could materially and adversely affect our business and results of operations.

In
February 2022, the Russian Federation commenced a military invasion of Ukraine, and Russian actions with respect to Ukraine have resulted
in certain broad sanctions being imposed by the United States, the European Union, the United Kingdom and other international authorities.
We cannot predict the impact of Russian actions in Ukraine or the reaction to such actions by the United States, the European Union,
the United Kingdom or other international authorities. In connection with the aforesaid military invasion, cybersecurity experts anticipate
a meaningful increase in cyberattack and cybercrime activity in connection with the Russian invasion of Ukraine around the globe. However,
as at the date of this Annual Report, we believe there is no new or heightened risk of potential cyberattacks by state actors or others
since Russia’s invasion of Ukraine on our Company.

  14  

The
outbreak of war in Ukraine has already affected global economic markets,