Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 38

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 3
Chunk 38
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 original actions brought in Hong Kong against us or our directors or officers predicated upon the securities laws
of the U. S. or any state in the U. S.

A
judgment of a court in the U. S. predicated upon U. S. federal or state securities laws may be enforced in Hong Kong at common law by bringing
an action in a Hong Kong court on that judgment for the amount due thereunder, and then seeking summary judgment on the strength of the
foreign judgment, provided that the foreign judgment, among other things, is (1) for a debt or a definite sum of money (not being taxes
or similar charges to a foreign government taxing authority or a fine or other penalty) and (2) final and conclusive on the merits of
the claim, but not otherwise. Such a judgment may not, in any event, be so enforced in Hong Kong if (a) it was obtained by fraud; (b)
the proceedings in which the judgment was obtained were opposed to natural justice; (c) its enforcement or recognition would be contrary
to the public policy of Hong Kong; (d) the court of the U. S. was not jurisdictionally competent; or (e) the judgment was in conflict
with a prior Hong Kong judgment.

Hong
Kong has no arrangement for the reciprocal enforcement of judgments with the U. S. As a result, there is uncertainty as to the enforceability
in Hong Kong, in original actions or in actions for enforcement, of judgments of the U. S. courts of civil liabilities predicated solely
upon the federal securities laws of the U. S. or the securities laws of any State or territory within the U. S. You may incur additional
costs and procedural obstacles in effecting service of legal process, enforcing foreign judgments or bringing actions in Hong Kong against
us or our management named in the Annual Report, as judgments entered in the U. S. can be enforced in Hong Kong only at common law. For
more information regarding the relevant laws of the BVI and Hong Kong, see “ Enforcement of Liabilities

You
may have more difficulty protecting your interests than you would as a shareholder of a U. S. corporation.

Our
corporate affairs are governed by the provisions of our Memorandum and Articles of Association, as amended and restated from time to
time, and by the provisions of applicable BVI law. The rights of shareholders and the fiduciary responsibilities of our directors and
officers under