Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 68

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 68
---
 These developments have resulted
in the availability of alternative forms of leisure time entertainment, including expanded on demand services, independent productions,
streaming and video games. The level of theatrical success remains a critical factor in generating revenues in these ancillary markets.
It is difficult to accurately predict the effect that these and other new technological developments may have on the film industry. These
uncertainties, among others, may have a negative impact on our business, financial condition, and results of operations.

Risks Relating to Our
Hospitality Business

We are subject
to the business, financial and operating risks inherent to the hospitality industry, any of which could reduce our revenues and limit
opportunities for growth.

Our business is subject to
a number of business, financial and operating risks inherent to the hospitality industry, including:

| ● | significant                                                       
 competition from hospitality providers in all parts of the world; |

| ● | changes                                                                                   
 in the supply and demand for hotel services, including rooms, food and beverage and other 
 products and services;                                                                    |

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

| ● | the                                                                                        
 financial condition of and relationships with hotel management companies and joint venture 
 partners, including the risk that they may terminate or fail to comply with the relevant   
 management or joint venture contracts or arrangements;                                     |

| ● | decreases                                                                                    
 in the frequency of business travel that may result from alternatives to in-person meetings, 
 including virtual meetings hosted online or over private teleconferencing networks;          |

| ● | increases                                                                                 
 in operating costs, including employee compensation and benefits, energy, insurance, food 
 and beverage and other supplies;                                                          |

| ● | the                                                                                      
 ability of third-party internet and other travel intermediaries who sell our hotel rooms 
 to guests to attract and retain customers;                                               |

| ● | delays                                                                                   
 in or cancellations of planned or future development or refurbishment projects at hotels 
 in our system;                                                                           |

| ● | cyclical                                       
 over-building in the hospitality industry; and |

| ● | changes                                                                                       
 in desirability of geographic regions of the hotels in our business, geographic concentration 
 of our operations and customers and shortages of desirable locations for development.         |

Any of these factors could
(i) increase our costs or (ii) limit or reduce the prices we are able to charge, or (iii) otherwise affect our ability
to maintain or operate existing properties or develop new properties. As a result, any of these factors can reduce our revenues and limit