Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 44

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 44
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 selling properties. The process of finding a buyer, negotiating terms, and completing the applicable legal and regulatory
requirements can result in substantial delays and a prolonged sale process. If a property is leased, the timing of a sale may be further
constrained by lease agreements or tenant occupancy. The value and liquidity of these properties are highly dependent on real estate
market conditions, which can be influenced by factors such as changes in general economic conditions, interest rates, housing supply
and demand, and regulatory policies. A change in the foregoing factors could reduce the properties’ appeal and market value and
make it more difficult for us to sell them at a desirable price or at the time that is favorable to us.

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Our operating results
are subject to seasonal fluctuations.

Our revenues and results
of operation are subject to seasonal fluctuations.

The hospitality industry
is subject to fluctuations in revenues due to seasonality. The periods during which our properties experience higher revenues vary from
property to property, depending principally upon their location, type of property and competitive mix within the specific location. Generally,
the third quarter, in which the summer holidays fall, accounts for a higher percentage of our annual revenues in the hotel operation,
hospitality and VIP services segment than the other quarters of the year. In addition, certain special events, such as large-scale exhibition,
concerts or sports events, may increase the demand for our hotels significantly as such special events may attract travelers into and
within the regions where we operate hotels.

Environmental,
social and governance matters, and any related reporting obligations, may impact our businesses.

Regulators, investors and
other stakeholders around the world are increasingly focused on environmental, social and governance, or ESG, matters. New domestic and
international laws and regulations relating to ESG matters, including environmental sustainability and climate change, human capital
management, privacy and cybersecurity, are under consideration or have recently been adopted. These laws and regulations include specific,
target-driven disclosure requirements or obligations. Our response to such requirements or obligations requires additional investments,
increased attention from management and the implementation of new practices and reporting processes, and involves additional compliance
risk. In addition, our ability to implement ESG-related initiatives is dependent on external factors. For example, our ability to carry
out sustainability initiatives may depend in part on third-party collaboration, mitigation innovations and the availability of economically
feasible solutions at scale. Furthermore, factors such as changes in methodologies and processes for reporting ESG data, improvements
in third-party data and