Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 23

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 23
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 revenues and limit opportunities for growth.                       |

| ● | The                                                                                     
 hospitality market is highly competitive, and we may be unable to compete successfully. |

| ● | We                                                                                
 own a limited number of hotels and significant adverse changes at one hotel could 
 have a material adverse effect on our financial performance.                      |

| ● | We                                                                                           
 make strategic investments using our own capital, and may not be able to realize any profits 
 from these investments for a considerable period of time, or may lose some or all of the     
 principal amounts of these investments.                                                      |

| ● | Our                                                                                      
 results of operations and financial condition may be materially affected by fluctuations 
 in the fair value of our equity investments in our investee companies.                   |

| ● | Our                                                                                      
 investments are subject to liquidity, concentration, regulatory, credit and other risks. |

Risks Relating to Our Securities

| ● | The                                                                                                   
 Warrants are exercisable for Class A Ordinary Shares, which would increase the number                 
 of shares eligible for future resale in the public market and result in dilution to our shareholders. 
 The Warrants may never be in the money, and they may expire worthless.                                |

| ● | We                                                                                           
 may redeem your unexpired Warrants prior to their exercise at a time that is disadvantageous 
 to you, thereby making your Warrants worthless.                                              |

| ● | If                                                                                         
 securities or industry analysts do not publish research, publish inaccurate or unfavorable 
 research or cease publishing research about us, our share price and trading volume could   
 decline significantly.                                                                     |

| ● | Future                                                                                   
 resales of Ordinary Shares issued to our shareholders and other significant shareholders 
 may cause the market price of the Class A Ordinary Shares to drop significantly, even    
 if our business is doing well.                                                           |

| ● | A                                                                                    
 market for the Class A Ordinary Shares may not develop, which would adversely affect 
 the liquidity and price of the Class A Ordinary Shares. The price of our securities  
 may be volatile, and the value of our securities may decline.                        |

| ● | There                                                                                        
 can be no assurance that we will not be a passive foreign investment company for any taxable 
 year, which could subject U.S. Holders to significant adverse U.S. federal income            
 tax consequences.                                                                            |

| ● | We                                                                                              
 may have conflicts of interest with our Controlling Shareholder and its affiliates and, because 
 of our Controlling Shareholder’s controlling ownership interest in our company, we              
 may not be able