Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 59

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 59
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The size of the audience for
our print publications may be affected as the media industry has transitioned from being primarily print-focused to digital and we do
not expect this trend to reverse. We may be limited in our ability to prevent the resulting print revenue declines, particularly as our
print products become more expensive relative to other media alternatives, including our digital products. If we are unable to offset
revenue declines from print publications with other sources of revenue, or if the revenue declines at a faster rate than we anticipate,
our operating results will be materially and adversely affected.

Our advertising
revenues are affected by numerous factors, including market dynamics, evolving digital advertising trends and the evolution of our strategy.

Our advertising revenue is
sensitive to the macroeconomic environment, as advertiser budgets can fluctuate substantially in response to changing economic conditions.
Our advertising revenues could be adversely affected as advertisers, including primarily luxury and fashion brands, respond to such conditions
by reducing their budgets or shifting spending patterns or priorities. See also “—Risks Relating to our Businesses and Industries
in General — Our business and financial results may be adversely impacted by economic, market, geopolitical and public health
conditions or other events causing significant disruption.”

Within the fashion and luxury
advertising markets, our ability to compete successfully for advertising budgets will depend on, among other factors, our ability to engage
and grow our audience base, develop attractive and high-quality content, maintain our influence in the fashion and luxury markets, enhance
our relationship with renowned brands and fashion influencers and demonstrate the value of our advertising and the effectiveness of our
content, products and services to advertisers. In determining whether to buy advertising with us, advertisers may consider factors such
as our brands and reputation, the demand for our content and products, the focus of our coverage, size and demographics of our audience,
advertising rates, targeting capabilities, results observed by advertisers, and perceived effectiveness of advertising offerings and alternative
advertising options. Specifically, the prestige and reputation of our publications are critical to our success in attracting premium advertisers.
If our brand perception diminishes for any reason, we may lose the appeal that makes our platform attractive for luxury and high-end advertising
and thereby experience a decline in advertising revenue. See also “—Risks Relating to our Businesses and Industries in General — Our
brands and reputation are our key assets. Negative perceptions or publicity of us or our brands could adversely affect our business, financial
condition and results of operations.”

The continuing