MAGIC EMPIRE GLOBAL LIMITED (MEGL)

1. Introduction to the Company

Magic Empire Global Limited (NASDAQ: MEGL, Korean name: 매직 엠파이어 글로벌) is a financial services provider based in Hong Kong, listed on the Nasdaq Capital Market. MEGL’s core service offerings include:

• IPO sponsorship services
• Financial advisory and independent financial advisory
• Compliance advisory services
• Underwriting services

The company serves a diversified client base across industries such as online advertising, property development, manufacturing, logistics, education, natural resources, and travel.

2. Corporate Structure and Personnel

Public disclosures do not specify total headcount. However, MEGL’s leadership and advisory teams include professionals with:

• Chartered Financial Analyst (CFA) credentials
• Experience at institutions such as S&P Dow Jones Indices, State Street Global Advisors, and SGX Group
• Backgrounds in securities trading, private equity, and corporate finance

Board updates on May 7, 2025:

• Resignation: Mr. Yiu Sing Chan stepped down as Independent Director and from the Audit, Compensation, and Nominating & Corporate Governance Committees.
• Appointment: Ms. Jessica Hung joined as Independent Director, Chair of the Compensation Committee, and member of the Audit and Nominating & Corporate Governance Committees.

3. Recent Developments and News

• August 28, 2024: Nasdaq granted MEGL a 180-day extension (until February 24, 2025) to meet the $1.00 minimum bid price requirement.
• October 30, 2024: Announced unaudited results for the six months ended June 30, 2024.
• February 18–March 3, 2025: MEGL maintained a closing bid price of at least $1.00 for ten consecutive business days.
• March 4, 2025: Nasdaq confirmed compliance with Listing Rule 5550(a)(2), closing the bid price deficiency matter.
• May 7, 2025: Board governance update (resignation of Mr. Chan; appointment of Ms. Hung).
• June 9, 2025: Filed Form F-1/A amendment to its SEC registration statement.
• June 10, 2025: MEGL closed at $2.29 per share, reflecting an increase of 78.75%, with a trading volume of 11,949,691 shares.

4. Financial and Strategic Analysis

Key metrics as of mid-2025:

Metric	Value
Share Price (June 10, 2025)	$2.29
52-Week Range	$0.407 – $3.06
Market Capitalization	$5.21 million
Volume (June 10, 2025)	11,949,691 shares
Price/Sales (TTM)	3.98
Price/Book (MRQ)	0.32
Profit Margin (TTM)	–37.0%
Revenue (TTM)	$12.78 million
Net Income (TTM)	–$4.73 million
Diluted EPS (TTM)	–$0.12
Total Cash (MRQ)	$127.51 million
Debt/Equity (MRQ)	3.29%

H1 2024 Highlights (six months ended June 30, 2024):

• Revenue increased by 26.9% year-over-year to HK$7.7 million (approximately US$1.0 million).
• Net income declined by 13.6% to HK$0.6 million (approximately US$80,000).
• Selling, general, and administrative expenses rose by 27.6% to HK$9.2 million (approximately US$1.2 million).

Strategic initiatives:

• Expanded advisory services into U.S. capital markets, completing two projects for clients seeking Nasdaq listings in the first half of 2024.
• Filed Form F-1/A on June 9, 2025, in connection with a planned public offering.

5. Market Position and Industry Context

MEGL operates within Hong Kong’s corporate finance advisory and underwriting sector, serving various industry sectors. Its entry into U.S. advisory services positions it to respond to demand for cross-border listings. The company has a beta of 2.70, indicating higher sensitivity to market fluctuations. The low price/book ratio and negative profit metrics signal ongoing investments in business development.

TL;DR

• March 4, 2025: MEGL regained compliance with Nasdaq’s $1.00 minimum bid requirement.
• June 10, 2025: Shares closed at $2.29, up 78.75% on substantial volume.
• H1 2024 revenue rose 26.9% to HK$7.7 million; net income declined 13.6% to HK$0.6 million.
• May 7, 2025: Board governance updated with the appointment of Independent Director Ms. Jessica Hung.
• Filed Form F-1/A on June 9, 2025, in line with its public offering plans.