Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 69

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 69
---
, thereby making your Warrants worthless.

We have the ability to redeem
outstanding Warrants at any time after they become exercisable and prior to their expiration, at a price of US$0.01 per warrant, provided
that the last reported sales price of Class A Ordinary Shares equals or exceeds US$18.00 per share (as adjusted for share subdivisions,
share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading-day period ending on
the third trading day prior to the date on which we give proper notice of such redemption and there is an effective registration
statement covering the issuance of the Class A Ordinary Shares issuable upon exercise of the Warrants. Redemption of the outstanding
Warrants could force you (i) to exercise your Warrants and pay the exercise price therefor at a time when it may be disadvantageous
for you to do so, (ii) to sell your Warrants at the then-current market price when you might otherwise wish to hold your Warrants,
or (iii) to accept the nominal redemption price, which, at the time the outstanding Warrants are called for redemption, is likely
to be substantially less than the market value of your Warrants.

<div align='center'>33</div>

If securities or
industry analysts do not publish research, publish inaccurate or unfavorable research or cease publishing research about us, the price
of our securities and their trading volume could decline significantly.

The trading market for Class A
Ordinary Shares the Warrants will depend, in part, on the research and reports that securities or industry analysts publish about us or
our business. We may be unable to sustain coverage by well-regarded securities and industry analysts. If either none or only a limited
number of securities or industry analysts maintain coverage of us, or if these securities or industry analysts are not widely respected
within the general investment community, the demand for our securities could decrease, which might cause their price and trading volume
to decline significantly. In the event that we obtain securities or industry analyst coverage, if one or more of the analysts who cover
us downgrade their assessment of us or publish inaccurate or unfavorable research about our business, the market price and liquidity of
our securities could be negatively impacted.

Future resales of
Ordinary Shares issued to our shareholders and other significant shareholders may cause the market price of the Class A Ordinary
Shares to drop significantly, even if our business is doing well.

Subject to the AMTD Lock-up
O