Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 34

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 34
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 financial condition.

Our history can be traced
back to AMTD IDEA’s acquisition of L’Officiel in April 2022 and The Art Newspaper in October 2023. These acquisitions
are subject to all the risks described above and their success depends, in part, on our ability to successfully manage these risks, and
to apply our editorial, subscription, advertising, marketing and operational expertise and to help grow L’Officiel and The Art Newspaper
in an efficient and profitable manner. The success of these acquisitions also depends, in part, on factors outside of our control, such
as actions taken or may be taken by other parties interested or involved in these acquisitions or the acquired businesses, the development
of other circumstances relating to these acquisitions, and the markets in which the acquired companies operate in. We may not be able
to achieve our intended strategy or manage L’Officiel and The Art Newspaper successfully, or doing so may be more costly than we
anticipate, and we may experience difficulty in realizing the expected benefits of the acquisitions.

In addition, we have made
investments, minority or otherwise, in companies and we may make similar investments in the future. Such investments subject us to the
operating and financial risks of these businesses and to the risk that, as far as minority investment is concerned, we do not have sole
control over the operations of these businesses. Our investments may be illiquid, and the absence of a market may inhibit our ability
to dispose of them. In addition, if the book value of an investment were to exceed its fair value, we would be required to recognize an
impairment charge related to the investment.

We may be unable
to obtain any additional capital required in a timely manner or on acceptable terms, or at all.

To grow our business and remain
competitive, we may require additional capital from time to time for our daily operations. Our ability to obtain additional capital is
subject to a variety of uncertainties, including:

| ● | our market position and competitiveness in the industries in which we operate; |

| ● | our future profitability, overall financial condition, results of operations and cash flows; |

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| ● | general market conditions for capital-raising activities by our competitors; and |

| ● | economic, political and other conditions internationally. |

We may be unable to obtain
additional capital in a timely manner or on acceptable terms, or at all. In addition, our future capital or other business needs could
require