Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 153

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 19
Chunk 153
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, the Company’s Class A ordinary shares began trading
on the Nasdaq on a post-share combination basis.

The
Company believed it is appropriate to reflect the above share combination on a retroactive basis pursuant
to ASC 260. All shares and per share amounts used herein and in the accompanying consolidated financial statements have been retroactively
adjusted to reflect the share combination.

MAGIC
EMPIRE GLOBAL LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

13. DIVIDEND

On
February 7, 2022, the Company’s board of directors approved and declared a dividend of HK$ 4,000,000 514,953 0.94 0.12

On
October 3, 2023, the Company’s board of directors approved and declared a special interim dividend of HK$ 1,581,900 203,651 0.31 0.04

For
the year ended December 31, 2024, no

14. COMMITMENTS AND CONTINGENCIES

From
time to time, the Group is subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. Although
the outcomes of these legal proceedings cannot be predicted, the Group does not believe these actions, in the aggregate, will have a
material adverse impact on its financial position, results of operations or liquidity. As of December 31, 2024 and 2023, the Group has
no outstanding litigation.

15. SUBSEQUENT EVENTS

The
Group evaluated all events and transactions that occurred after December 31, 2024 up through the date the Group issued the consolidated
financial statements. There were no other subsequent events occurred that would require recognition or disclosure in the Group’s
consolidated financial statements.

  F-26