Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 83

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 83
---
 shares effectuated on December 5, 2024; and (ii) share combination at a ratio of 4-to-1 effectuated on February 6, 2025.

After giving effect to the sale of up to 15,000,000 Class A ordinary shares in this offering at the assumed public offering price of US$[0.54] per Class A ordinary share, and after deducting the Placement Agent’s commissions, non-accountable expense allowance and estimated offering expenses payable by us, our pro forma as adjusted net tangible book value at December 31, 2024 would have been $[23,656,854] or $[1.18] per ordinary share. This represents an immediate decrease in pro forma as adjusted net tangible book value of $[2.01] per ordinary share to existing investors and immediate increase in net tangible book value of $[0.64] per ordinary share to new investors. The following table illustrates this dilution to new investors purchasing ordinary shares in this offering:

|                                                                |     | Per ordinary share 
 post- Offering(1)  |        |    |
|:---------------------------------------------------------------|:----|:-------------------|-------:|:---|
| Assumed public offering price per ordinary share               |     | $                  | [0.54] |    |
| Net tangible book value per ordinary share                     
 as of December 31, 2024                                        |     | $                  |   3.19 |    |
| Decrease in pro forma as                                       
 adjusted net tangible book value per ordinary in this offering |     | $                  | [(2.01 | )] |
| Pro forma as adjusted net tangible book value                  
 per ordinary share after this offering                         |     | $                  | [1.18] |    |
| Increase in net tangible book value                            
 per ordinary share to new investors in this offering           |     | $                  | [0.64] |    |

| (1) | Assumes net proceeds of $[7,519,543]                                                                                     
 from this offering of up to 15,000,000 Class A ordinary shares at an assumed public offering price of $[0.54] per share, 
 calculated as follows: $[8,100,000] gross offering proceeds, less placement agents’ commissions of $[364,500],           
 non-accountable allowance of $[40,500] and accountable expenses of approximately $100,000.                               |

To the extent that we issue additional ordinary