Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 89

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 89
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, the Company newly issued 15,000,000 ordinary shares with a par value of US$0.0001 (the “Shares Issued”). Following the Shares Issued, the Company repurchased and cancelled 100 of the outstanding shares with a par value of US$1.0 issued as well as cancelled 50,000 of the authorized shares with a par value of US$1.0.

Share re-designation and share combination

On November 29,
2023, the shareholders of the Company resolved and approved to amend the maximum number of shares the company was authorized to issue
to 600,000,000 shares with a par value of US$0.0001 each divided into (i) 300,000,000 ordinary shares with a par value of US$0.0001 each
and (ii) 300,000,000 non-voting ordinary shares with a par value of US$0.0001 each. Each of the ordinary shares and non-voting ordinary
shares had the right to an equal share in any dividend paid by the Company and the right to an equal share in the distribution of the
surplus assets of the Company. However, each ordinary share had the right to one vote on any resolution and each non-voting ordinary
share had no right to vote on any resolutions. On December 4, 2023, the Company filed the Second Amended and Restated Memorandum and
Articles of Association with the Registrar of the British Virgin Islands to effect the new maximum authorized number of shares.

On November 29, 2024, the shareholders of the Company resolved and approved to amend the maximum number of shares the company was authorized to issue to become 600,000,000 shares with no par value each divided into (i) 280,000,000 Class A ordinary shares; (ii) 20,000,000 Class B ordinary shares; and (iii) 300,000,000 non-voting ordinary shares. Each of the Class A ordinary share, Class B ordinary share and non-voting ordinary share has the right to an equal share in any dividend paid by the Company and the right to an equal share in the distribution of the surplus assets of the Company. However, each Class A ordinary share has the right to one vote on any resolution, each Class B ordinary share has the right to twenty votes on any resolutions and each non-voting ordinary share has no right to vote on any resolutions.

On December 5, 2024,