Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 360

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 360
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 transferred 5,107, 4,880 and 12 shares of the Company to AMTD Digital Inc., AMTD 
 IDEA Group and AMTD Group Inc., respectively, and, at the same time, World Media and Entertainment Group Inc. repurchased its shares     
 from AMTD Digital Inc., AMTD IDEA Group and AMTD Group Inc.                                                                              |

| (iii) | In November 2024, the Company issued 857 and 388 shares                                                                                 
 to two shareholders with the consideration on the injection of listed shares in Hong Kong and a unit of a property located in New York, 
 respectively, into the Company.                                                                                                         |

Non-voting redeemable preferred shares

On November 25, 2024, the Company reclassified and re-designated
1,680 authorized share into non-voting redeemable preferred shares. On the same date, the Company issued 1,680 non-voting redeemable preferred
shares to AMTD Digital Inc. and AMTD Digital Inc. issued 13,333,333 Class A shares to the Company at a consideration of US$100 million.
AMTD Digital Inc., as the holder of non-voting redeemable preferred shares shall:

| (a) | not entitle to vote of any other matters subject to the vote                                             
 at the general meeting of the Company except for any transaction that may result in a change of control; |

| (b) | not be entitled to any dividends, unless the board of directors 
 of the Company may otherwise declare;                           |

| (c) | in the event of a liquidation, winding-up or dissolution of                                                                          
 the Company, be entitled, prior and in preference to holders of the voting ordinary shares, to the distribution of the assets of the 
 Company available for distribution;                                                                                                  |

| (d) | be subject to redemption and repurchase of the non-voting                                             
 redeemable preferred shares after one year of issuance at par value at the option of the Company; and |

<div align='center'>F-88

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 28. | SHARE CAPITAL (cont.) |

| (e) | not be entitled to be have any non-voting redeemable preferred                                                  
 shares redeemed, repurchased or converted into any other class or series of shares at the option of