Here is the translation based on your detailed instructions:
Time always slipped away unnoticed, and the year-long wait quietly arrived.
On this day, most enchanters in the guild were aware of an exciting event about to unfold—a "miniature exhibition competition" sparked by a clash of egos between members of the School of Space.
"Where is it being held?"
"The sorcerer tower under Vice President Angus's supervision. You know, everything related to Space magic comes with some risk—like the spatial turbulence we encountered before. We must be cautious."
"True, it's unfortunate, though."
Many enchanters felt regret because the venue was within the heart of the School of Space—a restricted area. Without an invitation, outsiders from other schools couldn't enter, making it impossible to enjoy the spectacle themselves.
Still, this didn't stop them from discussing, analyzing, and sharing their opinions.