Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 49

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 4
Chunk 49
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, contentions issues are investigated
and how conclusions are reached.

  30  

We
charge our clients an agreed-upon sponsor fee, which is determined with reference to, among others, the estimated time and amount of
work required, the complexity of restructuring and listing issues required to be resolved before application for listing, intensity of
listing timetable and the scope of due diligence. Our sponsor fee is generally payable by four instalments upon the occurrence of the
milestone events defined in the mandate, namely, (i) signing of engagement letter; (ii) submission of listing application to the Stock
Exchange; (iii) listing hearing; and (iv) upon listing.

Financial
advisory and independent financial advisory services

As
a financial adviser, our main responsibilities include advising the clients on: (i) the engagement of professional parties and coordinating
the professional parties throughout the transaction; (ii) the structure of a transaction; (iii) legal and compliance; (iv) financial
and treasury management; (v) internal control and risk management as well as recommending potential investors.

As
an independent financial adviser, we are mainly responsible for conducting reviews and analyses on the proposed transactions and assessing
the fairness and reasonableness of the terms of the proposed transactions. Upon such assessments, we issue our opinion letters to the
independent board committee and/or independent shareholders of listed issuers with voting recommendations, which are incorporated in
the circulars pursuant to the Listing Rules, the GEM Listing Rules and the Takeovers Code. We are also responsible for assisting our
clients to obtain the necessary clearance or approval in relation to our opinion letters from the Stock Exchange and/or the SFC.

We
generally charge clients a fixed fee for our financial advisory and independent financial advisory services, which is determined on a
case-by-case basis with reference to the scope of service to be provided and the expected time spent and required manpower for performing
our services.

Compliance
advisory services

We
act as a compliance adviser for listed companies on both Main Board and GEM. Pursuant to the Listing Rules and the GEM Listing Rules,
each newly listed company in Hong Kong is required to engage a compliance adviser to assist it to comply with these rules for an initial
period commencing from the listing date to the date on which it complies with the requirements in respect of its financial results for
the first full financial year commencing after the date of listing under the Listing Rules for Main Board listings or for the second