Company: MEGL
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001641172-25-016831
Chunk: 79

Company: Magic Empire Global Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 79
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[5,595,793] and $[7,519,543] assuming 25%, 50%, 75% and 100% of the offering being completed, after deducting the Placement Agent’s commissions, non-accountable expense allowance and estimated offering expenses payable by us. However, because this is a best-efforts offering and there is no minimum offering amount required as a condition to the closing of this offering, the actual offering amount, placement agent fees, and net proceeds to us are not presently determinable and may be substantially less than the maximum amounts set forth on the cover page of this prospectus.

We plan to use the net proceeds of this offering as follows:

| Description of Use                                       |     | 25% completion of offering (%) |     |     | 50% completion of offering (%) |     |     | 75% completion of offering (%) |     |     | 100% completion of offering (%) |     |
| Strengthening of our corporate finance advisory business |     |                                |  70 |     |                                |  70 |     |                                |  70 |     |                                 |  70 |
| Working capital and other general corporate purposes     |     |                                |  30 |     |                                |  30 |     |                                |  30 |     |                                 |  30 |
| Total                                                    |     |                                | 100 |     |                                | 100 |     |                                | 100 |     |                                 | 100 |

We will use 70% of the net proceeds from this offering to strengthening of our corporate finance advisory business; and (ii) 30% of the net proceeds from this offering as working capital and for other general corporate purposes. We will apply the net proceeds proportionately at each level of completion of the offering.

We intend to (i) strengthen our corporate finance advisory business by recruiting additional experienced professional staff including responsible officers and licensed representatives to ensure that we have sufficient staff with appropriate levels of knowledge, skills and experience to provide our services; (ii) enhance the remuneration package of our existing corporate finance to retain talents and professionals for our corporate finance advisory business in Hong Kong.

The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than