Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 17

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 17
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-be-identified acquisition targets. Potential areas of focus will be in the media (lifestyle, sports, movies
etc), entertainment (film studio, production company, post production areas etc.), streaming platforms (music, videos, podcasts etc.).

We, together with AMTD
IDEA Group and AMTD Digital Inc., recently jointly announced that cryptocurrencies would become an essential component of the three companies’
war chest of liquid fund. Specifically, the portfolio of crypto assets we may build would prioritize Bitcoin (BTC), Ethereum (ETH) and
Tether (USDT). We intend to branch into and focus on cryptocurrency-related opportunities and developments and we are in the process
of evaluating and exploring options and opportunities in the tokenised crypto assets segment.

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In November 2025, we entered into an agreement to acquire the Ritz Carlton Hotel, located in Perth, the vibrant capital city of Western Australia. As part of a landmark development at the Elizabeth Quay, this riverfront Ritz Carlton Hotel comprises 209 luxury rooms, a restaurant and lounge, a bar, a spa complex, an infinity pool, a fitness center and event rooms. It offers stunning views of the Swan River and Kings Park, providing guests with a contemporary interpretation of local culture, history, and cuisine, and connecting them to Perth’s rich lifestyle. Also in November 2025, we entered into a definitive agreement to acquire a hotel in Kuala Lumpur. The hotel is located in Kuala Lumpur’s main commercial and business district and is connected via a link bridge to Sunway Putra Mall and the Putra World Trade Centre. It offers 135 hotel rooms, a fully equipped gym, a library, and a rooftop infinity pool on the 37th floor that provides stunning, panoramic views of the Kuala Lumpur city center skyline. Closing of these deals is subject to customary closing conditions and have not occurred as of the date of this prospectus. In November 2025, our board of directors authorized a share repurchase program under which we may repurchase up to US$5 million of Class A Ordinary Shares until January 31, 2026. The Business Combination and Related Transactions On June 4, 2025, The Generation Essentials Group consummated a business combination with Black Spade II, pursuant to the Business Combination Agreement. On the Closing Date and immediately prior to the Merger Effective Time, the Amended Articles took effect and The Generation Essentials Group re-designated:

| ● | Each                                                                                      
 ordinary share of The Generation Essentials