Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 59

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 59
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 interests with ours. Under this plan, we will be authorized to grant
options and other types of awards. The maximum number of ordinary shares that may be issued pursuant to all awards under the 2025 Share
Incentive Plan is initially 875,255, being 3% of the total number of Class A Ordinary Shares outstanding as of the Closing Date. See
“Management — Share Incentive Plan.”

We believe the granting of
share-based awards is of significant importance to our ability to attract and retain key personnel and employees, and we plan to continue
to grant share-based compensation to our employees. As a result, our expenses associated with share-based compensation may increase,
which may have a material and adverse effect on our financial condition and results of operations.

Furthermore, perspective
candidates and existing employees often consider the value of the equity awards they receive in connection with their employment. Thus,
our ability to attract or retain highly skilled employees may be adversely affected by declines in the perceived value of our equity
or equity awards. Furthermore, there are no assurances that the number of shares reserved for issuance under our share incentive plans
will be sufficient to grant equity awards adequate to recruit new employees and to compensate existing employees.

Risks Relating to Our
Media Business

The media industry
is highly competitive, and we may be unable to compete successfully with our current or future competitors.

Our ability to compete with
our competitors in the media sector effectively depends on many factors both within and beyond our control, including among other things:

| ● | our                                                                                          
 ability to continue delivering a breadth of high-quality content that is timely, interesting 
 and inspiring to our audience;                                                               |

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| ● | the                                                                                            
 popularity, usefulness, ease of use, format, performance, reliability and value of our digital 
 media services, compared with those of our competitors;                                        |

| ● | the                                                                                    
 sustained engagement of our audience directly with our content, products and services; |

| ● | our                                                                           
 ability to develop, maintain and monetize our content, products and services; |

| ● | our                                                                           
 ability to provide advertisers with a compelling return on their investments; |

| ● | our                                                                 
 reputation and brand strength relative to those of our competitors; |

| ● | our                                                    
 ability to reach new audience and customers worldwide; |

| ● | the                                                  
 pricing model of our content, products and services; |

| ● | our                                                                                      
 visibility on search engines and social media platforms