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6-K

Magic Empire Global Ltd (MEGL)

6-K 2022-12-09 For: 2022-12-09
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Added on April 07, 2026

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM6-K

REPORTOF FOREIGN PRIVATE ISSUER

PURSUANTTO RULE 13a-16 OR 15d-16

UNDERTHE SECURITIES EXCHANGE ACT OF 1934


Forthe month of December 2022

CommissionFile Number: 001-41467

MagicEmpire Global Limited

3/F,8 Wyndham Street

Central,Hong Kong

(Addressof Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

FinancialStatements and Exhibits.


The following exhibits are being filed herewith:

Exhibit No. Description
99.1 Magic Empire Global Limited Announces First Half 2022 Unaudited Financial Results
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SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Magic<br> Empire Global Limited
Date:<br> December 9, 2022 By: /s/ Sze Hon, Johnson Chen
Sze<br> Hon, Johnson Chen
Chief<br> Executive Officer
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Exhibit99.1

MagicEmpire Global Limited Announces First Half 2022 Unaudited Financial Results

HONGKONG, December 9, 2022 — Magic Empire Global Limited (“MEGL” or the “Company”) (NASDAQ: MEGL), afinancial services provider in Hong Kong which principally engages in the provision of corporate finance advisory services, today announcedits unaudited financial results for the six months ended June 30, 2022.

Overview:

Revenue was approximately<br> HK$7.8 million (US$1.0 million) for the six months ended June 30, 2022, representing an increase of approximately 7.2% from the same<br> period in 2021
Net income was approximately<br> HK$1.5 million (US$0.2 million) for the six months ended June 30, 2022 (2021: approximately HK$39,000)

SixMonth Financial Results Ended June 30, 2022

**Revenue.**Revenue increased by approximately 7.2% from approximately HK$7.3 million for the six months ended June 30, 2021 to approximately HK$7.8 million (US$1.0 million) for the six months ended June 30, 2022, which was mainly due to the increase in revenue recognised for our financial advisory services.

Selling,general and administrative expenses. Selling, general and administrative expenses decreased by approximately 13.5% from approximately HK$7.2 million for the six months ended June 30, 2021 to approximately HK$6.3 million (US$0.8 million) for the six months ended June 30, 2022, which was mainly due to the decrease in our staff costs as a result of the reduction in the number of headcounts.

Otherincome/(expense), net. Other net income was approximately HK$17,000 (US$2,000) for the six months ended June 30, 2022, mainly represented government grant of HK$144,000 (approximately US$18,000) net of interest on lease liabilities of approximately HK$127,000 (US$16,000). Our net other expense was approximately HK$46,000 for the six months ended June 30, 2021, mainly represented interest on lease liabilities.

Incometax expense. Income tax expense increased from HK$3,525 for the six months ended June 30, 2021 to approximately HK$0.1 million (US$0.02 million) for the six months ended June 30, 2022, which was in line with the increase in our income before income tax.

Netincome. Net income increased from approximately HK$0.04 million to approximately HK$1.5 million (US$0.2 million), which was mainly due to the combined effects of the increase in revenue and the decrease in staff costs.

Basicand diluted EPS. Basic and diluted EPS were approximately HK$0.10 (US$0.01) per ordinary share for the six months ended June 30, 2022, as compared to HK$0.00 (US$0.00) per ordinary share, for the six months ended June 30, 2021, respectively.


RecentlyCompleted Initial Public Offering

On August 10, 2022, the Company closed its initial public offering (the “Offering”) of 5,000,000 ordinary shares at a price of $4.00 per share. The aggregate gross proceeds from the Offering were US$20 million, before deducting underwriting discounts and other related expenses. The ordinary shares of the Company began trading on the Nasdaq Capital Market on August 5, 2022 under the ticker symbol “MEGL.”



AboutMagic Empire Global Limited


Magic Empire Global Limited is a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services. Its service offerings mainly comprise (i) IPO sponsorship services; (ii) financial advisory and independent financial advisory services; (iii) compliance advisory services; and (iv) underwriting services. For more information, visit the Company’s website at http://www.meglmagic.com.

ExchangeRate Information

This announcement contains translations of certain HK$ amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.8472 to US$1.00, the exchange rate on June 30, 2022 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.

SafeHarbor Statement


Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

HongKong:

Magic Empire Global Limited

Ms. Vivien Tai

Tel: +852 3577 8770

E-mail: [email protected]


MAGICEMPIRE GLOBAL LIMITED


UNAUDITEDCONDENSED CONSOLIDATED BALANCE SHEETS


June<br>30,<br> 2022 June<br>30,<br> 2022
HK US
ASSETS
Current assets:
Cash
Accounts receivable
Deferred initial public offering (“IPO”) cost
Deposits and prepayments
Total current assets
Non-current assets:
Property and equipment, net
Right-of-use assets
Deferred tax assets
Total non-current assets
Total assets
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accruals and other payables
Other payables – related parties
Contract liabilities
Operating lease liabilities
Taxes payables
Total current liabilities
Non-current liabilities:
Operating lease liabilities
Total non-current liabilities
Total liabilities
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Ordinary shares, US0.0001 par value, 300,000,000 shares authorized, and 15,000,000 shares outstanding as of December 31, 2021 and June 30, 2022 respectively*
Retained earnings
Total shareholders’ equity
Total liabilities and shareholders’ equity

All values are in US Dollars.

* Giving retroactive effect to the 150,000-for-1 share split effected on July 15, 2021.


MAGICEMPIRE GLOBAL LIMITED

UNAUDITEDCONDENSED CONSOLIDATED STATEMENTS OF INCOME


For the six months ended
June 30, 2021 June 30, 2022 June 30, 2022
HK HK US
REVENUE
OPERATING EXPENSES:
Selling, general and administrative expenses ) ) )
Total operating expenses ) ) )
INCOME FROM OPERATIONS
OTHER INCOME (EXPENSE)
Interest income
Other income
Other expenses ) ) )
Total other (expense)/income, net )
INCOME BEFORE INCOME TAXES
INCOME TAX EXPENSES ) ) )
NET INCOME
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES
Basic and diluted*
EARNINGS PER SHARE
Basic and diluted*

All values are in US Dollars.

* Giving retroactive effect to the 150,000-for-1 share split effected on July 15, 2021.