Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 184

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 184
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      | 1,645,819 |

Revenue disaggregated by timing of revenue recognition for 2024 and 2023 is disclosed in the table below:

|         |     |             For 
 the years ended 
    December 31, |            |     |      |            |     |      |           |
|         |     |            2023 |            |     | 2024 |            |     | 2024 |           |
|         |     |             HK$ |            |     |  HK$ |            |     |  US$ |           |
| Point   
 in time |     |                 | 11,605,000 |     |      | 12,130,000 |     |      | 1,561,595 |
| Over    
 time    |     |                 |  2,187,030 |     |      |    654,230 |     |      |    84,224 |
|         |     |                 | 13,792,030 |     |      | 12,784,230 |     |      | 1,645,819 |

The Group also selected to apply the practical expedients allowed under ASC Topic 606 to omit the disclosure of remaining performance obligations for contracts with an original expected duration of one year or less. As of December 31, 2024 and 2023, all contracts of the Group were with an original expected duration within one year.

Other income

Interest income is mainly generated from savings and time deposits and short-term loans to a company, and is recognized on an accrual basis using the effective interest method.

For the year ended December 31, 2024, the Group has new investment of HK$8,500,000 (US$1,094,275), redeemed all the investment of HK$48,253,736 (US$6,212,101) with a net gain on sale of investment of HK$1,105,998 (US$142,384).

Employee benefits

The principal employee’s retirement scheme is under the Hong Kong Mandatory Provident Fund Schemes Ordinance. Contributions are made by both the employer and the employee at the rate of 5% on the employee’s relevant salary income, subject to a cap of monthly relevant income of HK$30,000 (US$3,862).

| F-18 |

<div align='center'>MAGIC EMPIRE GLOBAL LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>