Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 117

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 117
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 Licensed IP, AMTD Group Inc. shall, or shall cause its relevant affiliate to, require that the assignee
or transferee be bound by all applicable licenses and covenants granted under this agreement with respect to such Licensed IP.

We undertake to and to cause
our sublicensees to, display, affix and use the licensed trademarks in accordance with the branding guidelines of AMTD Group Inc. and
its affiliates.

This agreement shall (i) remain
in full force and effect for an initial term of 20 years and (ii) automatically renew for renewal terms of five years
each, unless either party notifies the other party that it does not wish for this agreement to renew by no later than six months
prior to the expiration of the then-current initial term or renewal term.

Either party may terminate
this agreement if the other party materially breaches this agreement and the other party fails to cure such breach within 30 days
following the other party’s receipt of written notice of such breach from the terminating party.

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Competition

We compete with other publishers
for market share and for the time and attention of readers of media content. We also compete with digital publishers and other forms
of media, including, among others, social media platforms, search platforms, portals and digital marketing services for audience and
for advertising customers. Competition among publishers for readership is primarily based on editorial content, brand perception, quality,
price and effectiveness of distribution. Competition for subscription-based readership is also based on subscriber acquisition and retention,
and competition for newsstand-based readership is also based on cover selection and the placement and display of publications in retail
outlets. Technological advances and the growing popularity of digitally-delivered content and mobile consumer devices, such as smartphones
and tablets, have introduced significant new competition for circulation in the form of readily available free or low-priced digital
content. Competition among print publications and digital publishers for advertising is primarily based on the circulation and readership
of publications and the number of visitors to websites, respectively, the demographics of customer bases, advertising rates, the effectiveness
of advertising sales teams and the results observed by advertisers. The shift in consumer preference from print media to digital media,
as well as growing consumer engagement with digital media, such as online and mobile social networking, have introduced significant new
competition for advertising. The use of digital devices as distribution platforms for content has also lowered the barriers to entry
for launching digital products that compete with our business. Nonetheless, we