Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 98

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 98
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DIVIDEND
POLICY</div>

The Generation Essentials
Group and our subsidiaries have not declared or paid dividends or made any distributions as of the date of this prospectus. Except for
the Non-Redemption Payment Amount, we do not intend to declare dividends or make distributions in the near future. Any determination to
pay dividends on our ordinary shares would be at the discretion of our board of directors, subject to applicable laws, and would depend
on our financial condition, results of operations, capital requirements, general business conditions, and other factors that our board
of directors may deem relevant.

As a holding company, The
Generation Essentials Group may rely on dividends from our subsidiaries for cash requirements, including any payment of dividends to its
shareholders. The ability of our subsidiaries to pay dividends or make distributions to The Generation Essentials Group may be restricted
by laws and regulations applicable to them or the debt they incur on their own behalf or the instruments governing their debt. Under Cayman
Islands Law, while there are no exchange control regulations or currency restrictions, The Generation Essentials Group is also subject
to certain restrictions under Cayman Islands law on dividend distribution to its shareholders, namely that it may only pay dividends out
of profits or share premium account, and provided always that in no circumstances may a dividend be paid if this would result in The Generation
Essentials Group being unable to pay its debts as they fall due in the ordinary course of business.

<div align='center'>57

BUSINESS</div>

Overview

We are a global media and
entertainment ecosystem covering high fashion, arts, lifestyle, cultural, entertainment as well as F&B. Inheriting more than
one hundred years of history and with a worldwide geographical presence, we offer a holistic media and entertainment experience to
an audience of millions around the world.

Our publications L’Officiel
and The Art Newspaperpublish print editions in a total of 28 countries and territories and digital contents to an even wider scope
of readers globally.

We operate in the movie production
sector having produced various Asia-focused blockbuster movies. We have partnered with established production companies to present a number
of Asia-focused blockbuster movies globally, which in aggregate notched a box office of more than US$400 million.

We hold premium whole building
properties and provide hospitality services in Hong Kong and Singapore. We focus on and specialize in hospitality and lifestyle concepts
and offers a customer-centric VIP members approach for its business portfolio in the key areas comprising stylish hotels and