Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 44

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 44
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 all material information about these companies, among other factors, we may fail to receive the expected return on investment
or lose some or all of the money invested in these companies. In addition, these businesses may have shorter operating histories, narrower
product lines, smaller market shares and less experienced management than their larger competitors and may be more vulnerable to customer
preferences, market conditions, and loss of key personnel, or economic downturns, which may adversely affect the return on, or the recovery
of, investments in such businesses.

In addition, our investment
in real estate properties located in New York City are subject to illiquidity risk, which may impact our ability to access capital or
realize the full value of these investments. Real estate investments are inherently illiquid due to the time and complexity involved in
buying or selling properties. The process of finding a buyer, negotiating terms, and completing the applicable legal and regulatory requirements
can result in substantial delays and a prolonged sale process. If a property is leased, the timing of a sale may be further constrained
by lease agreements or tenant occupancy. The value and liquidity of these properties are highly dependent on real estate market conditions,
which can be influenced by factors such as changes in general economic conditions, interest rates, housing supply and demand, and regulatory
policies. A change in the foregoing factors could reduce the properties’ appeal and market value and make it more difficult for
us to sell them at a desirable price or at the time that is favorable to us.

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Our operating results
are subject to seasonal fluctuations.

Our revenues and results of
operation are subject to seasonal fluctuations.

The hospitality industry is
subject to fluctuations in revenues due to seasonality. The periods during which our properties experience higher revenues vary from property
to property, depending principally upon their location, type of property and competitive mix within the specific location. Generally,
the third quarter, in which the summer holidays fall, accounts for a higher percentage of our annual revenues in the hotel operation,
hospitality and VIP services segment than the other quarters of the year. In addition, certain special events, such as large-scale exhibition,
concerts or sports events, may increase the demand for our hotels significantly as such special events may attract travelers into and
within the regions where we operate hotels.

Environmental, social
and governance matters, and any related reporting obligations, may impact our businesses.

Regulators, investors and
other stakeholders around the world are increasingly focused on environmental, social and governance,