Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 137

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 137
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 hate;                         |

| ● | the Law of 4 January 2010 that protects the confidentiality of journalists’ sources, and                            
 the Law of 14 November 2016 that requires press companies to introduce an ethics charter within their business; and |

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| ● | obligations applying to advertising, in particular as regards the distinction between advertising space 
 and editorial content (Loi Léotard) and the obligation to identify online advertising (LCEN).           |

Distribution of
audiovisual works

Our French subsidiaries interested
in distributing audiovisual works may have to comply in particular to the following rules (some of which are genuinely specific to France):

| ● | copyright law, the rules of which are codified in the French Intellectual Property Code; |

| ● | the rules codified in the French Cinema and Moving Image Code (“CMI”, Code du cinéma                                                  
 et de l’image animée). The rules vary depending on the distribution channel for the audiovisual work. In particular, as the           
 audiovisual sector is eligible for financial aid from the CNC (Centre National du Cinéma et de l’image animée), distributors          
 of a certain number of works must send to the CNC, accounts of the exploitation of the work on a regular basis (art. L251-5 CMI); and |

| ● | the FHC (art. L131-1 to L133-1, and art. R131-1 à R133-1-1) that requires distributors of all foreign                                     
 cinematographic works broadcast in cinemas to submit a legal deposit to the CNC, once they have been approved for broadcasting. Depending 
 on the case, the distributor may also be responsible for obtaining the necessary visa before any public broadcasting of the audiovisual   
 work.                                                                                                                                     |

European rules resulting from
Audiovisual Media Services Directive 2018/1808 that were transposed by the Order of 21 December 2020. This order sets out
financing of audiovisual creation requirements and strengthens the powers of ARCOM, the authority responsible for regulating audiovisual
and digital communication in France.

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MANAGEMENT’S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION</div>

This discussion and analysis should be read together with “Business,” “Selected Historical Financial Data,” and our consolidated financial statements and related notes that are included elsewhere in this prospectus. In addition to historical financial information, this discussion and