Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 181

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 181
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 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:

|                                     |     |             For 
 the years ended 
    December 31, |            |   |     |      |             |   |     |      |            |   |
|                                     |     |            2023 |            |   |     | 2024 |             |   |     | 2024 |            |   |
|                                     |     |             HK$ |            |   |     |  HK$ |             |   |     |  US$ |            |   |
| Revenue from external customers     |     |                 | 13,792,030 |   |     |      |  12,784,230 |   |     |      |  1,645,819 |   |
| Staff costs                         |     |                 | (9,715,985 | ) |     |      | (15,221,050 | ) |     |      | (1,959,531 | ) |
| General and administrative expenses |     |                 | (6,888,843 | ) |     |      |  (7,788,720 | ) |     |      | (1,002,705 | ) |
| Other segment income (expenses)     |     |                 |  2,331,986 |   |     |      |   5,495,688 |   |     |      |    707,505 |   |
| Net loss of single operating        
 segment                             |     |                 |   (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