Company: MEGL
Filing Date: 2025-05-09
Form Type: F-1
Source: 0001641172-25-009448
Chunk: 181

Company: Magic Empire Global Ltd
Filing Date: 2025-05-09
Form: F-1
Chunk 181
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 Company for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Group is currently assessing the impact of the adoption of this standard on its consolidated financial statements disclosures.

Except as mentioned above, the Group does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Group’s consolidated balance sheets, statements of operations and statements of cash flows.

| F-21 |

<div align='center'>MAGIC EMPIRE GLOBAL LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

3. DEPOSITS AND PREPAYMENTS

Deposits and prepayments consist of the following:

|                                     |     |              As 
 of December 31, |           |     |      |         |     |      |         |
|                                     |     |            2023 |           |     | 2024 |         |     | 2024 |         |
|                                     |     |             HK$ |           |     |  HK$ |         |     |  US$ |         |
| Prepaid rent                        |     |                 |   170,335 |     |      |       — |     |      |       — |
| Prepaid building management fee     |     |                 |    31,557 |     |      |  32,633 |     |      |   4,201 |
| Prepaid governmental rent and rates |     |                 |    56,950 |     |      |  53,550 |     |      |   6,894 |
| Rental deposit                      |     |                 |   681,340 |     |      | 516,384 |     |      |  66,478 |
| Deposit on building management fee  |     |                 |   103,276 |     |      | 130,532 |     |      |  16,804 |
| Refund of rental deposit            |     |                 |         — |     |      | 141,100 |     |      |  18,165 |
| Others                              |     |                 |    52,791 |     |      |  11,249 |     |      |   1,449 |
| Total                               |     |                 | 1,096,249 |     |      | 885,448 |     |      | 113,