Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 147

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 19
Chunk 147
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 from observable price changes in orderly transactions for identical or
similar investments of the same issuer, if any. Significant judgments are required to determine (i) whether observable price changes
are orderly transactions and identical or similar to an investment held by us, and (ii) the selection of appropriate valuation methodologies
and underlying assumptions, including expected volatility and the probability of exit events as it relates to liquidation and redemption
features used to measure the price adjustments for the difference in rights and obligations between instruments.

SCHEDULE OF INVESTMENT

                                                   Long-term         Total             Total        
                                                   Investments                                      
                                                   HK$               HK$               US$          
  Balance as of January 1, 2022                    —                 —                 —            
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Addition                                         14,500,000        14,500,000        1,866,704    
  Balance                                          14,500,000        14,500,000        1,866,704    
  Addition                                         26,110,738        26,110,738        3,361,450    
  Loss                                             ( 1,963,000       ( 1,963,000       ( 252,713    
  Balance as of                                    38,647,738        38,647,738        4,975,442    
  Beginning, balance                               38,647,738        38,647,738        4,975,442    
  Addition                                         8,500,000         8,500,000         1,094,275    
  Redemption of investments                        ( 48,253,736      ( 48,253,736      ( 6,212,101  
  Gain on sale of investments                      1,105,998         1,105,998         142,384      
  Balance                                          —                 —                 —            
  Ending, balance                                  —                 —                 —            

As
of December 31, 2024, the Group has no long-term investment. As of December 31, 2023 and 2022, the Group has an investment of HK$ 14,500,000 4.99

In
January 2023, the Group made an investment of HK$ 8,500,000 1,094,275 3.0

In
January 2023, the Group made an investment of HK$ 15