Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 78

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 78
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 to our internal controls system. We cannot guarantee that we will be able to do so in a timely and
effective manner.

We may have conflicts
of interest with our Controlling Shareholder and its affiliates and, because of our Controlling Shareholder’s controlling ownership
interest in our company, we may not be able to resolve such conflicts on terms favorable to us.

Our Controlling Shareholder
has significant influence in determining the outcome of any corporate actions or other matters that require shareholder approval, such
as mergers, consolidations, change of our name, and amendments of our memorandum and articles of association.

The concentration of ownership
and voting power may cause transactions to occur in a way that may not be beneficial to our securityholders and may prevent us from pursuing
transactions that would be beneficial to our securityholders. Conflicts of interest may arise between our Controlling Shareholder or its
affiliates and us in a number of areas relating to our past and ongoing relationships. Potential conflicts of interest that we have identified
include the following:

| ● | Our board members or executive officers may have conflicts of interest. Our chief executive                                                
 officer, Giampietro Baudo, is the chief executive officer of AMTD Digital Inc. Our chief financial officer and director, Samuel Chau,      
 is the chief financial reporting officer of our Controlling Shareholder. Our independent director, Dr. Feridun Hamdullahpur, is also       
 a director of our Controlling Shareholder and an independent director of AMTD Digital Inc. and AMTD IDEA Group. Also, Joanne Shoveller     
 is an independent director of AMTD Digital Inc. As a result, they may not have sufficient capacity to perform their duties in our company. 
 These overlapping relationships could create, or appear to create, conflicts of interest when these persons are faced with decisions with  
 potentially different implications for our Controlling Shareholder and us.                                                                 |

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| ● | Intellectual Property License Agreement. We license L’Officiel and The Art Newspaper                                                         
 trademarks and domain names and other intellectual properties we use in our business from AMTD Group Inc. under a license agreement with     
 AMTD Group Inc. The license agreement has an initial term of 20 years and will automatically renew for terms of five years each              
 unless either us or AMTD Group Inc. notifies the other party no later than six months prior to the expiration of the then-current            
 term. The license agreement is also terminable by either part if there