Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 123

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 19
Chunk 123
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 of the Stock Exchange advising and guiding them throughout the listing process in return for sponsor’s
fee.

Independent
financial advisory (“ IFA”) services: The Group acts as an independent financial advisor to give opinions or recommendations
to the independent board committee and independent shareholders of the listed companies, in return for advisory fee.

Financial
advisory (“ FA”) services: The Group acts as a financial advisor (i) to clients to advise them on the terms and
structures of the proposed transactions, and the relevant implications and compliance matters under the Hong Kong regulatory
framework including the Listing Rules, the GEM Listing Rules and the Takeovers Code; and (ii) to clients pursuing listing on other stock exchange

MAGIC
EMPIRE GLOBAL LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

  ORGANIZATION                   
  AND BUSINESS OVERVIEW (cont.)  
 ─────────────────────────────────

Compliance
advisory (“ CA”) services: The Group acts as a compliance advisor to the listed companies on the Main Board or GEM and advise
them on post-listing compliance matters in return for compliance advisory fee.

Corporate
services: The Company acts as a consultant to clients to advise them on the company secretarial and accountancy matter, in return for
advisory fee.

Initial
Public Offering

On
August 4, 2022, MEGL entered into an underwriting agreement with Network 1 Financial Securities, Inc. and Alexander Capital, L. P. as
underwriters named thereof, in connection with its initial public offering (“ IPO”) of 5,000,000 4.00 500,000 6.00

On
August 10, 2022, the Company closed its initial public offering (the “ IPO”) of 5,000,000 4.00 20

On
August 12, 2022, the underwriter exercised its representative’s warrants in full and the Company issued a total of 256,099

Recent
Business Development

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 with no