Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 82

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 6
Chunk 82
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 II: Demographic Background                                                                                              
  Underrepresented Individual in Home Country Jurisdiction           0                                                         
  LGBTQ+                                                             0                                                         
  Did Not Disclose Demographic Background                            0                                                         

Committees
of the Board of Directors

We
have established an audit committee, a compensation committee and a nominating and corporate governance committee under the board of
directors. We have adopted a charter for each of the three committees. Each committee’s members and functions are described below.

  54  

Audit
Committee

Our
audit committee consists of Mr. Yiu Sing Chan, Mr. Chi Wai Siu and Ms. Ka Lee Lam and is chaired by Mr. Yiu Sing Chan. We have determined
that each of these three director nominees satisfies the “independence” requirements of the Nasdaq Listing Rules and meet
the independence standards under Rule 10A-3 under the Securities Exchange Act of 1934, as amended. We have determined that Yiu Sing Chan
qualifies as an “audit committee financial expert.” The audit committee oversees our accounting and financial reporting processes
and the audits of our financial statements. The audit committee is responsible for, among other things:

  selecting                                                                                                                             
  reviewing                                                                                                                             
  reviewing                                                                                                                             
  discussing                                                                                                                            
  reviewing                                                                                                                             
  annually                                                                                                                              
  meeting                                                                                                                               
  monitoring                                                                                                                            
  reporting                                                                                                                             

Compensation
Committee

Our
compensation committee consists of Mr. Yiu Sing Chan, Mr. Chi Wai Siu and Ms. Ka Lee Lam and is chaired by Mr. Chi Wai Siu. We have determined
that each of these directors satisfies the “independence” requirements of the Nasdaq Listing Rules. The compensation committee
assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors
and executive officers. Our chief executive officer may not be present at any committee meeting during which their compensation is deliberated
upon. The compensation committee is responsible for, among other things:

  reviewing                                                                                                                           
  reviewing                                                                                                                           
  reviewing                                                                                                                           
  selecting                                                                                                                           

  55  

Nominating
and Corporate Governance Committee

Our
nominating and corporate governance committee consists of Mr. Yiu Sing Chan, Mr. Chi Wai Siu and Ms. Ka Lee Lam and is chaired by Ms.
Ka Lee Lam. We have determined that each of these directors satisfies the “independence” requirements of