Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 69

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 69
---
 analysts. If either none or only a limited
number of securities or industry analysts maintain coverage of us, or if these securities or industry analysts are not widely respected
within the general investment community, the demand for our securities could decrease, which might cause their price and trading volume
to decline significantly. In the event that we obtain securities or industry analyst coverage, if one or more of the analysts who cover
us downgrade their assessment of us or publish inaccurate or unfavorable research about our business, the market price and liquidity of
our securities could be negatively impacted.

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.

Subject to the AMTD Lock-up
Obligations, the Selling Securityholders can sell, under this prospectus, up to (i) 57,401,944 Class A Ordinary Shares constituting
approximately 88.7% of the total issued and outstanding ordinary shares of The Generation Essentials Group as of the date of this prospectus
(assuming exercise of all outstanding Warrants), and (ii) 11,120,000 Warrants, representing approximately 68.6% of our outstanding
Warrants. Subject to the AMTD Lock-up Obligations, AMTD Digital, AMTD IDEA Group, AMTD Group Inc. can sell all Ordinary Shares beneficially
owned by them under this prospectus, being 37,756,286 Class A Ordinary Shares (including (i) 18,470,375 Class A Ordinary Shares and (ii)
19,285,911 Class A Ordinary Shares issuable upon the conversion of 19,285,911 Class B Ordinary Shares beneficially owned by AMTD Digital
Inc.), and constituting approximately 58.4% of our issued and outstanding Ordinary Shares and represented 93.8% of the aggregate voting
power of our total issued and outstanding share capital as of the date of this prospectus (assuming exercise of all outstanding Warrants),
so long as the registration statement of which this prospectus forms a part is available for us. These shares were acquired at prices
significantly below the current trading price of the Class A Ordinary Shares.

Sales of a substantial number
of Registered Securities, or the perception that those sales might occur, could result in a significant decline in the public trading
price of our securities and could impair our ability to raise capital through the sale or issuance of additional equity securities. We