Certain Ordinary Shares of Magic Empire Global Limited are subject to a Lock-Up Agreement Ending on 31-JAN-2023. These Ordinary Shares will be under lockup for 180 days starting from 4-AUG-2022 to 31-JAN-2023.

Details:
The directors, executive officers and principal shareholders (defined as owners of 5% or more of ordinary shares) have agreed, subject to limited exceptions, not to offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise dispose of, directly or indirectly, or enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of ordinary shares or such other securities for a period of 180 days from the effective date of registration statement.

Four other shareholders, each holding less than 5% of Ordinary Shares issued and outstanding prior to this offering and collectively holding 2,395,500 Ordinary Shares have agreed not to dispose off any shares for 90 days after the effective date of registration statement.