Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 79

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 79
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 party that is not       
 cured within the prescribed period. AMTD Group Inc. may refuse to renew this license agreement or elect to terminate it upon our default.    
 AMTD Group Inc. may not perform its obligations under this agreement in our best interest, or at all, and may act in a way that is detriment 
 to our business interest.                                                                                                                    |

| ● | Sale of shares or assets in our company. Our Controlling Shareholder may decide to sell all                                                   
 or a portion of our shares that it holds to a third party, including to one of our competitors, thereby giving that third party substantial   
 influence over our business and our affairs. In addition, our Controlling Shareholder may decide, or be obligated under any of its applicable 
 debt covenant, to sell all or a portion of our shares or our assets in the event of default of our Controlling Shareholder or any of its      
 affiliates under any applicable debt or other obligations or otherwise becomes insolvent. Such a sale of our shares or our assets could       
 be contrary to the interests of our employees or our other shareholders. In addition, our Controlling Shareholder may also discourage,        
 delay, or prevent a change in control of our company, which could deprive our shareholders of an opportunity to receive a premium for         
 their shares as part of a sale of our company and might reduce the price of our securities.                                                   |

| ● | Allocation of business opportunities. Business opportunities may arise that both we and our                                                  
 Controlling Shareholder find attractive, and which would complement our respective businesses. Although we entered into a master transaction 
 agreement under which our Controlling Shareholder agrees not to pursue investment opportunities without first presenting them to us, our     
 Controlling Shareholder may discourage, delay, or prevent a profitable investment opportunity before our board of directors or shareholders  
 and subsequently decide to pursue investment opportunities or take business opportunities for itself, which would prevent us from taking     
 advantage of those opportunities. These actions may be taken even if they are opposed by our other shareholders.                             |

| ● | Developing business relationships with our Controlling Shareholder’s competitors. So                                                              
 long as our Controlling Shareholder remains as our controlling shareholder, we may be limited in our ability to do business with its competitors. 
 This may limit our ability to market our services for the best interests of our company and our other shareholders.                               |

As a company incorporated
in the Cayman Islands and a “controlled company” within the meaning of NYSE Listed Company Manual, we are permitted