Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 44

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 44
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 which we are invested could significantly impact
the aggregate returns we realize and therefore materially and adversely affect our results of operations and financial condition.

The prices of the listed equities
of our investee companies, such as Guangzhou Rural Commercial Bank, Bank of Qingdao and AMTD Digital, may experience significant fluctuations
due to market and broader economic conditions, changes in regulatory and policy framework, geopolitical events, or changes in investor
sentiment and price volatility can be exacerbated by factors such as interest rate changes, inflation, currency fluctuations or sector-specific
developments. Dividend and other distributions by our investee companies are at the discretion of their management and depend on the economic
condition as well as their financial performance, cash flow, capital allocation priorities and regulatory constraints. If these companies
determine to reduce, suspend, or eliminate dividend payments, our expected income from these investments will be materially and adversely
affected.

Some of our strategic investments
are and may be in the form of securities that are not publicly traded. Investments in private businesses involve a high degree of business
and financial risk. In many cases, there may be prohibition by contract or by applicable laws from selling such securities for a period
of time or there may not be a public market for such securities. We may have no or limited ability to dispose of these investments at
times when it may be otherwise advantageous for us to liquidate such investments. In addition, if we were forced to immediately liquidate
some or all of the investments in a portfolio company, the proceeds of such liquidation could be significantly less than the current value
thereof. Furthermore, there is generally no publicly available information about the private companies in which we invest. If we are unable
to identify all material information about these companies, among other factors, we may fail to receive the expected return on investment
or lose some or all of the money invested in these companies. In addition, these businesses may have shorter operating histories, narrower
product lines, smaller market shares and less experienced management than their larger competitors and may be more vulnerable to customer
preferences, market conditions, and loss of key personnel, or economic downturns, which may adversely affect the return on, or the recovery
of, investments in such businesses.

In addition, our investment
in real estate properties located in New York City are subject to illiquidity risk, which may impact our ability to access capital or
realize the full value of these investments. Real estate investments are inherently illiquid due to the time and complexity involved