Paris, New York, and LondonJune 18, 2026 /PRNewswire/ — The Generation Essentials Group (“TGE,” NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc. (NYSE: HKD), announced that the TGE Board of Directors has approved a share repurchase plan, under which TGE may repurchase up to US$10 million of its ordinary shares.
TGE’s proposed repurchases will be carried out from time to time depending on market conditions and in accordance with applicable rules and regulations, through open market purchases at prevailing market prices, privately negotiated transactions, block trades, and/or other legally permissible methods. The timing and amount of repurchase transactions will be subject to the requirements of Rule 10b-18 and/or Rule 10b5-1 under the U.S. Securities Exchange Act of 1934. The TGE Board may periodically review the share repurchase plan and authorize adjustments to its terms and size. TGE expects to fund the repurchases from its existing cash balance.
Following the completion of several hotel acquisitions, TGE’s total asset value is approximately US$1.7 billion, representing a 17.7% increase from the audited total asset value as of December 31, 2025. Its net assets are estimated to be approximately US$971 million, an increase of 15.8% from the audited year-end net assets.
The Board believes that TGE’s shares are significantly undervalued given the current share price’s substantial discount relative to net asset value per share and total asset value per share.
The new share repurchase plan aims to enhance shareholder value and demonstrate the Board’s confidence in TGE’s long-term prospects, asset strength, and robust capital position.
Meanwhile, TGE announced that its controlling shareholder AMTD Digital Inc., directors, and management team have voluntarily agreed not to sell any TGE shares they hold for a period of two years from the date of this announcement, further underscoring their long-term commitment and confidence in TGE.
About AMTD Group
AMTD Group is a diversified conglomerate with core businesses spanning media and entertainment, education and training, and real estate investment and management.
About AMTD IDEA Group
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) is a diversified institutional and digital solutions group that builds bridges between enterprises and investors and global markets. Its comprehensive one-stop business and digital solutions platform can meet the diverse and interconnected business and digital needs of different clients at various stages of their lifecycle. As an active “super-connector,” AMTD IDEA Group bridges clients, business partners, investee companies, and investors, connecting Eastern and Western markets. For more information, please visit www.amtdinc.com or follow @AMTDGroup on X (formerly “Twitter”).
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital platform covers major business segments including digital media, content and marketing services, investments, and hospitality and VIP services. For company announcements, please visit: https://ir.amtdigital.net/investor-news.
About The Generation Essentials Group
The Generation Essentials Group (NYSE: TGE; LSE: TGE) was co-founded by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB), and AMTD Digital Inc. (NYSE: HKD), and is headquartered in France. TGE operates with a global vision, deeply cultivating the multimedia, entertainment and culture, and hospitality and VIP services sectors. It brings together internationally renowned media brands such as L’Officiel and The Art Newspaper, along with film and entertainment projects, forming a diversified business matrix spanning media, entertainment, and hospitality. Additionally, TGE is a sponsor of special purpose acquisition companies (SPACs), with its first SPAC successfully priced and listed on December 18, 2025.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often be identified by words such as “will,” “expect,” “anticipate,” “target,” “future,” “intend,” “plan,” “believe,” “estimate,” “may,” and similar expressions. Statements other than historical facts, including statements regarding the beliefs, plans, and expectations of AMTD IDEA Group, AMTD Digital Inc., and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. For more information regarding these and other risks, please refer to the filings of AMTD IDEA Group, AMTD Digital Inc., and The Generation Essentials Group with the U.S. Securities and Exchange Commission (SEC). The information contained in this press release is only as of the date hereof, and the aforementioned companies undertake no obligation to update any forward-looking statements, except as required under applicable law.
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