Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 141

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 19
Chunk 141
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 that also is reported as consolidated net loss on the statement
of operations, after taking into account the Group’s strategic priorities, its cash balance, and its expected use of cash. Further, the
CODM reviews and utilizes functional expenses (i. e., general and administrative expenses) at the consolidated level to manage the Group’s
operations. The following table presents the significant revenue and expense categories in the Group’s single operating segment:

SCHEDULE
OF SIGNIFICANT REVENUE AND EXPENSE CATEGORIES IN OPERATING SEGMENT

                                            2022                                      2023                       2024                                     
                                            For the years ended                                                                                           
                                            December 31,                                                                                                  
                                            2022                                      2023                       2024                                     
                                            HK$                                       HK$                        HK$                                      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from external customers                                     11,198,252                 13,792,030                  12,784,230        1,645,819  
  Staff costs                                                        ( 9,370,621                ( 9,715,985                ( 15,221,050      ( 1,959,531  
  General and administrative expenses                                ( 6,330,309                ( 6,888,843                 ( 7,788,720      ( 1,002,705  
  Other segment income (expenses)                                      1,042,220                  2,331,986                   5,495,688          707,505  
  Net loss of single operating segment                               ( 3,460,458                  ( 480,812                 ( 4,729,852        ( 608,912  

Earnings
(loss) per Share

The Group computes earnings per Class A and Class B ordinary
share in accordance with ASC 260-10 Earnings Per Share: Overall, using the two class method. Under the two-class method, net income is
allocated between ordinary shares and other participating securities based on their participating rights. The liquidation and dividend
rights of the holders of the Company’s Class A and Class B ordinary shares are identical, except with respect to voting. As the
liquidation and dividend rights are identical, the net incomes are allocated on a proportionate basis.

Basic
EPS is measured as net income (loss) divided by the weighted average common share outstanding for the period. Diluted EPS presents
the dilutive