Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 57

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 57
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 awards is of significant importance to our ability to attract and retain key personnel and employees, and we plan to continue
to grant share-based compensation to our employees. As a result, our expenses associated with share-based compensation may increase, which
may have a material and adverse effect on our financial condition and results of operations.

Furthermore, perspective candidates
and existing employees often consider the value of the equity awards they receive in connection with their employment. Thus, our ability
to attract or retain highly skilled employees may be adversely affected by declines in the perceived value of our equity or equity awards.
Furthermore, there are no assurances that the number of shares reserved for issuance under our share incentive plans will be sufficient
to grant equity awards adequate to recruit new employees and to compensate existing employees.

Risks Relating to Our Media
Business

The media industry
is highly competitive, and we may be unable to compete successfully with our current or future competitors.

Our ability to compete with
our competitors in the media sector effectively depends on many factors both within and beyond our control, including among other things:

| ● | our ability to continue delivering a breadth of high-quality content that is timely, interesting and inspiring 
 to our audience;                                                                                               |

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| ● | the popularity, usefulness, ease of use, format, performance, reliability and value of our digital media 
 services, compared with those of our competitors;                                                        |

| ● | the sustained engagement of our audience directly with our content, products and services; |

| ● | our ability to develop, maintain and monetize our content, products and services; |

| ● | our ability to provide advertisers with a compelling return on their investments; |

| ● | our reputation and brand strength relative to those of our competitors; |

| ● | our ability to reach new audience and customers worldwide; |

| ● | the pricing model of our content, products and services; |

| ● | our visibility on search engines and social media platforms, compared with the visibility of our competitors; |

| ● | our ability to effectively protect our intellectual property, including from unauthorized use by generative 
 AI developers or users in ways that may harm our brands;                                                    |

| ● | our marketing and selling efforts, including our ability to differentiate our products and services from 
 those of our competitors;                                                                                |

| ● | our ability to attract, retain and motivate talented employees, including editorial staff and creative 
 directors, among other things, who are unique and in high demand; and                                  |

|