Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 93

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 93
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 operations. The following table sets forth a summary of our cash flows information for the years indicated:

|                                                     |     |                          For 
 the years ended December 31, |             |   |     |      |             |   |     |      |            |   |
|                                                     |     |                         2023 |             |   |     | 2024 |             |   |     | 2024 |            |   |
|                                                     |     |                          HK$ |             |   |     |  HK$ |             |   |     |  US$ |            |   |
| Net cash provided by (used                          
 in) operating activities                            |     |                              |      94,490 |   |     |      |  (4,649,862 | ) |     |      |   (598,615 | ) |
| Net cash provided by (used in) investing activities |     |                              | (27,919,010 | ) |     |      |  39,753,736 |   |     |      |  5,117,826 |   |
| Net cash used in by financing activities            |     |                              |  (1,581,900 | ) |     |      |           — |   |     |      |          — |   |
| Net change in cash                                  |     |                              | (29,406,420 | ) |     |      |  35,103,874 |   |     |      |  4,519,211 |   |
| Cash at beginning of year                           |     |                              | 121,814,233 |   |     |      |  92,407,813 |   |     |      | 11,896,419 |   |
| Cash at end of year                                 |     |                              |  92,407,813 |   |     |      | 127,511,687 |   |     |      | 16,415,630 |   |

| 54 |

Operating activities

Our cash inflow from operating activities was principally from the receipt of revenue. Our cash outflow used in operating activities was principally for payment of staff cost and operating expenses.

For the year ended December 31, 2023, we had net cash provided by operating activities of HK$94,490 mainly arising from net loss from our operations of HK$483,812 as adjusted for non-cash items and changes in operating assets and liabilities. Adjustments for