Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 36

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 36
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 investments.

We face risks associated
with debt obligations that are scheduled to mature in the near term

Some of our existing debt
obligations are scheduled to mature within the next 12 months. iclub AMTD Sheung Wan Hotel is mortgaged to The Bank of East Asia,
Limited in relation to loan facilities in the aggregate principal amount of HK$396,100,000 and Dao by Dorsett AMTD Singapore is mortgaged
to RHB Bank Berhad in relation to loan facilities in the aggregate principal amount of SGD217,000,000. Our ability to refinance or repay
these obligations will depend on various factors, including our financial condition, cash flow generation, creditworthiness and prevailing
market conditions at the time of refinancing. If we are unable to refinance our maturing debt on favorable terms, or at all, we may face
liquidity constraints, increased financing costs or default risks, which could materially and adversely affect our financial position
and operations.

The availability and terms
of refinancing are subject to macroeconomic conditions, interest rate fluctuations and the overall health of credit markets. We could
be challenged with more stringent borrowing terms, higher interest rates or additional collateral requirements, or an unwillingness to
extend credit in general. Additionally, our ability to refinance our debt may be influenced by our credit ratings, financial performance
and leverage ratios. Any deterioration in our financial metrics, operational performance or market perception could negatively impact
our access to capital and increase the cost of refinancing. Furthermore, covenants associated with existing or new debt agreements may
restrict our ability to pursue certain refinancing options or require compliance with specific financial thresholds, which could further
complicate the refinancing process.

Failure to refinance maturing
debt obligations could force us to utilize available cash reserves or other liquidity sources to repay our debts, which could reduce our
ability to fund working capital, capital expenditures or strategic initiatives. The inability to refinance could also lead to default,
acceleration of debt obligations or insolvency proceedings, any of which could have a material adverse effect on our business, reputation
and financial condition.

We operate and use
a L’Officiel AMTD composite brand, and not the historic L’Officiel brand.

The historic L’Officiel
brand originated from a magazine published in Paris since 1921 (the “Old Brand”). While we operate a new L’Officiel
AMTD brand (the “New Brand”) which in our opinion (upon