Company: MEGL
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001641172-25-016831
Chunk: 124

Company: Magic Empire Global Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 124
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 such other senior executives/employees who may from time to time be deemed subject to the Clawback Policy by the board (collectively, the “Covered Executives”). The amount to be recovered will be the excess of the incentive compensation paid to the Covered Executive based on the erroneous data over the incentive compensation that would have been paid to the Covered Executive had it been based on the restated results, as determined by the board. If the board cannot determine the amount of excess incentive compensation received by the Covered Executive directly from the information in the accounting restatement, then it will make its determination based on a reasonable estimate of the effect of the accounting restatement. For the year ended December 31, 2024, we had not sought any recoupment of incentive compensation of the Covered Executives.

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<div align='center'>RELATED PARTY TRANSACTIONS</div>

Our Group had fund advance to our Directors as follows:

|                      |     | As of December 31, |        |     |      |   |     |      |   |     |      |   |
|                      |     |               2022 |        |     | 2023 |   |     | 2024 |   |     | 2024 |   |
|                      |     |                HK$ |        |     |  HK$ |   |     |  HK$ |   |     |  US$ |   |
| Wai Ho Chan          |     |                    | 38,066 |     |      | — |     |      | — |     |      | — |
| Sze Hon Johnson Chen |     |                    | 58,634 |     |      | — |     |      | — |     |      | — |

The balances are unsecured and interest-free. All balances with related parties were settled in March 2023.

Policies and Procedures for Related Party Transactions

Our audit committee is tasked with review and approval of all related party transactions. Our policy is to enter into transactions with related parties on terms that, on the whole, are no more favorable, or no less favorable, than those available from unaffiliated third parties.

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<div align='center'>PRINCIPAL SHAREHOLDERS</div>

The following table sets forth information regarding the beneficial ownership of our ordinary shares as of the date of this prospectus by our officers, directors, and 5% or greater beneficial owners of ordinary shares. There is no other person or