{"success":true,"data":{"pressRelease":{"id":"162017","rtpr_id":"nGNE3jMp5f-20261006","ticker":"MEGL","exchange":"NASDAQ","all_tickers":["MEGL"],"title":"Magic Empire Global Limited Announces Strategic Expansion into Commodity Trading and Supply Chain Finance, Establishing Dual Core Business Model","author":"Globe Newswire","published_at":"2026-10-06T13:15:00.211Z","article_body":"Hong Kong, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Magic Empire Global Limited\n(NASDAQ: MEGL) (\"MEGL\" or the \"Company\") today announced a new strategic\ninitiative to expand into international commodity trading and supply chain\nfinance, building on its established financial services platform in Hong Kong.\nGoing forward, the Company intends to develop its business around two core\npillars: commodity trading, focusing on mineral and energy resources, and\nfinancial services, centered on supply chain finance.\n\nThe Company has established a wholly-owned subsidiary in Hong Kong, Lunar\nHaste International Trading Limited, through which it is developing an\nintegrated business comprising two complementary segments:\n\nCommodity Trading: cross-border trading of timber, mineral and coal products,\ninitially focusing on hardwood logs and sawn timber, iron ore, thermal coal\nand metallurgical coal, supplied to buyers in the United States, Europe and\nthe Asia-Pacific region.\n\nSupply Chain Finance: financing solutions for upstream suppliers and\ndownstream buyers in the commodity sector, which may include pre-export\nfinancing, inventory and warehouse receipt financing, receivables financing,\nand letter of credit facilitation and related arrangements. Such financing\nsolutions will be provided, where required, through licensed entities or in\ncooperation with licensed financial institutions, subject to applicable laws\nand regulations.\n\nThe Company has established a mature partnership network and supply chain\nresources across North America, Europe and Africa, including relationships\nwith producers, mine operators, timber mills and end buyers. These resources\nare expected to provide the Company with stable access to supply and\ndiversified sourcing channels from the outset of its trading operations.\n\nThe expansion is further anchored by the extensive industry experience of the\nCompany's management team, which has more than 30 years of experience in\ncommodity trading and has held key management roles at a number of\nmultinational commodity, mineral and energy trading companies.\n\nThe Company believes that combining physical trading with supply chain finance\ncreates a mutually reinforcing model. Trading activities provide direct\nvisibility into cargo flows, counterparty performance and collateral quality,\nwhich supports disciplined credit decisions, while financing capabilities\nstrengthen relationships with suppliers and buyers and enhance the Company's\ntrading competitiveness.\n\n\"Our management team has spent more than 30 years building relationships\nacross global commodity supply chains, and we have established a mature\npartnership network spanning North America, Europe and Africa,\" said Mei Wang,\nCFO of MEGL. \"By pairing that industry expertise with MEGL's financial\nservices capabilities, we can offer our partners both reliable trading\nchannels and tailored financing. Commodity trading and supply chain finance\nwill be the two pillars of MEGL's growth going forward.\"\nThe Company has completed its first commodity trading transaction through\nLunar Haste International Trading Limited in the fourth quarter of 2026.\n\nAbout Magic Empire Global Limited\n\nMagic Empire Global Limited is a Hong Kong-based company engaged in financial\nservices, including corporate finance advisory and underwriting services, and\nis expanding into international commodity trading and supply chain finance.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. These statements, including those\nregarding the Company's expansion into commodity trading and supply chain\nfinance, its dual core business strategy, and anticipated benefits, are based\non current expectations and are subject to risks and uncertainties, including\ncommodity price volatility; counterparty, credit and collateral risk\nassociated with trading and financing activities; supply chain and logistics\ndisruptions; compliance with timber legality and responsible sourcing\nrequirements; sanctions and export control regulations applicable to mineral,\nenergy and coal products; environmental and climate-related regulations and\npolicies affecting coal; licensing requirements applicable to lending and\nfinancing activities; and other risks described in the Company's filings with\nthe SEC. Actual results may differ materially. The Company undertakes no\nobligation to update any forward-looking statement except as required by law.\n\nContact\nInternational Elite Capital \nAnnabelle Zhang\n+1 (646) 866-7928\nmanagement@iecapitalusa.com","article_body_html":"","raw_payload":{"data":{"id":"nGNE3jMp5f-20261006","title":"Magic Empire Global Limited Announces Strategic Expansion into Commodity Trading and Supply Chain Finance, Establishing Dual Core Business Model","author":"Globe Newswire","ticker":"MEGL","created":"2026-10-06T13:15:00.211Z","tickers":["MEGL"],"exchange":"NASDAQ","article_body":"Hong Kong, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Magic Empire Global Limited\n(NASDAQ: MEGL) (\"MEGL\" or the \"Company\") today announced a new strategic\ninitiative to expand into international commodity trading and supply chain\nfinance, building on its established financial services platform in Hong Kong.\nGoing forward, the Company intends to develop its business around two core\npillars: commodity trading, focusing on mineral and energy resources, and\nfinancial services, centered on supply chain finance.\n\nThe Company has established a wholly-owned subsidiary in Hong Kong, Lunar\nHaste International Trading Limited, through which it is developing an\nintegrated business comprising two complementary segments:\n\nCommodity Trading: cross-border trading of timber, mineral and coal products,\ninitially focusing on hardwood logs and sawn timber, iron ore, thermal coal\nand metallurgical coal, supplied to buyers in the United States, Europe and\nthe Asia-Pacific region.\n\nSupply Chain Finance: financing solutions for upstream suppliers and\ndownstream buyers in the commodity sector, which may include pre-export\nfinancing, inventory and warehouse receipt financing, receivables financing,\nand letter of credit facilitation and related arrangements. Such financing\nsolutions will be provided, where required, through licensed entities or in\ncooperation with licensed financial institutions, subject to applicable laws\nand regulations.\n\nThe Company has established a mature partnership network and supply chain\nresources across North America, Europe and Africa, including relationships\nwith producers, mine operators, timber mills and end buyers. These resources\nare expected to provide the Company with stable access to supply and\ndiversified sourcing channels from the outset of its trading operations.\n\nThe expansion is further anchored by the extensive industry experience of the\nCompany's management team, which has more than 30 years of experience in\ncommodity trading and has held key management roles at a number of\nmultinational commodity, mineral and energy trading companies.\n\nThe Company believes that combining physical trading with supply chain finance\ncreates a mutually reinforcing model. Trading activities provide direct\nvisibility into cargo flows, counterparty performance and collateral quality,\nwhich supports disciplined credit decisions, while financing capabilities\nstrengthen relationships with suppliers and buyers and enhance the Company's\ntrading competitiveness.\n\n\"Our management team has spent more than 30 years building relationships\nacross global commodity supply chains, and we have established a mature\npartnership network spanning North America, Europe and Africa,\" said Mei Wang,\nCFO of MEGL. \"By pairing that industry expertise with MEGL's financial\nservices capabilities, we can offer our partners both reliable trading\nchannels and tailored financing. Commodity trading and supply chain finance\nwill be the two pillars of MEGL's growth going forward.\"\nThe Company has completed its first commodity trading transaction through\nLunar Haste International Trading Limited in the fourth quarter of 2026.\n\nAbout Magic Empire Global Limited\n\nMagic Empire Global Limited is a Hong Kong-based company engaged in financial\nservices, including corporate finance advisory and underwriting services, and\nis expanding into international commodity trading and supply chain finance.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. These statements, including those\nregarding the Company's expansion into commodity trading and supply chain\nfinance, its dual core business strategy, and anticipated benefits, are based\non current expectations and are subject to risks and uncertainties, including\ncommodity price volatility; counterparty, credit and collateral risk\nassociated with trading and financing activities; supply chain and logistics\ndisruptions; compliance with timber legality and responsible sourcing\nrequirements; sanctions and export control regulations applicable to mineral,\nenergy and coal products; environmental and climate-related regulations and\npolicies affecting coal; licensing requirements applicable to lending and\nfinancing activities; and other risks described in the Company's filings with\nthe SEC. Actual results may differ materially. The Company undertakes no\nobligation to update any forward-looking statement except as required by law.\n\nContact\nInternational Elite Capital \nAnnabelle Zhang\n+1 (646) 866-7928\nmanagement@iecapitalusa.com"},"type":"article","timestamp":"2026-10-06T13:15:00.344858232Z","server_sent_at_ms":1791292500344},"received_at":"2026-10-06T13:15:00.494Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}