Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 85

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 85
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 after deducting the Placement Agent’s commissions, non-accountable expense allowance and estimated offering expenses payable           
 by us. The pro forma as adjusted information is illustrative only, and we will adjust this information based on the actual public offering 
 price and other terms of this offering determined at pricing. For an itemization of an estimation of the total offering expenses payable   
 by us, see “Expenses Related to this Offering”.                                                                                            |

Because there is no minimum offering amount required as a condition to closing this offering, we may sell fewer than all or none of the securities offered hereby.

| 45 |

<div align='center'>DILUTION</div>

If you invest in our Class A ordinary shares in this offering, your interest will be immediately diluted to the extent of the difference between the public offering price per Class A ordinary share in this offering and the net tangible book value per ordinary share after this offering. Because our Class A ordinary shares and Class B ordinary shares have the same dividend and other rights, except for voting and conversion rights, the dilution is presented based on all issued and outstanding ordinary shares, including Class A ordinary shares and Class B ordinary shares. Dilution results from the fact that the public offering price per Class A ordinary share is substantially in excess of the net tangible book value per ordinary share. As of December 31, 2024, we had a historical net tangible book value of $16,137,311, or $3.19 per ordinary share. Our net tangible book value per ordinary share represents total net assets less intangible asset (right-of-use assets), all divided by the number of ordinary shares outstanding as of December 31, 2024, giving effect to the (i) re-designation of Class A ordinary shares and Class B ordinary 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 fixed 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