Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 82

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 82
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, our financial condition, contractual restrictions and other factors
deemed relevant by the board of directors. Accordingly, you may need to rely on sales of our securities after price appreciation, which
may never occur, as the only way to realize any future gains on your investment. There is no guarantee that our securities will appreciate
in value or that their market price will not decline.

Our dual-class voting
structure will limit your ability to influence corporate matters and could discourage others from pursuing any change of control transactions
that holders of Class A Ordinary Shares may consider beneficial.

We have a dual-class voting
structure such that our ordinary shares will consist of Class A Ordinary Shares and Class B ordinary shares. Holders of Class
A Ordinary Shares and Class B Ordinary Shares have the same rights other than voting and conversion rights. Each holder of Class A Ordinary
Shares will be entitled to one vote per share and each holder of Class B Ordinary Shares will be entitled to 20 votes per share on all
matters submitted to them for a vote. Class A Ordinary Shares and Class B Ordinary Shares will vote together as a single class on all
matters submitted to a vote of our shareholders, except as may otherwise be required by law. Each Class B Ordinary Share will be convertible
into one Class A Ordinary Share, whereas Class A Ordinary Shares will not be convertible into Class B Ordinary Shares under any circumstances.
Upon any transfer of Class B Ordinary Shares by a holder thereof to any person other than Dr. Calvin Choi or any other person
designated by Dr. Calvin Choi, each such Class B Ordinary Share will automatically and immediately convert into one Class A
Ordinary Share.

As of the date of this prospectus,
AMTD Digital holds all of the Class B Ordinary Shares, constituting 39.8% of the total outstanding Ordinary Shares and 93.0% of our total
voting power. AMTD Digital (and therefore Our Controlling Shareholder) has considerable influence over matters requiring shareholder approval,
over matters such as electing directors and approving material mergers, acquisitions or other business combination transactions. This
concentrated control will limit your ability to influence corporate matters and could also discourage others from pursuing any potential
merger, takeover, or other change of control transaction, which could have the effect of depriving the holders of Class A Ordinary Shares
of the opportunity to sell their shares at a premium over the prevailing market price.

Our dual-class voting
structure may render Class A Ordinary Shares and Warrants ineligible for inclusion in certain stock