TGE Announces $10M Share Repurchase Program and 2-Year Lock-Up by Controlling Shareholder

The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., announced a $10 million share repurchase program approved by its Board of Directors. The repurchases will be made through various methods including open market transactions, private negotiations, and block trades, funded from existing cash balances. Concurrently, TGE's controlling shareholder AMTD Digital Inc., along with directors and management, voluntarily agreed to a two-year lock-up period during which they will not sell any TGE shares. The Board believes TGE shares are "drastically undervalued" as current prices trade at a significant discount to net asset and total asset values per share. TGE reported that upon completion of several hotel acquisitions, its total asset value reached approximately $1.7 billion, representing a 17.7% increase over the audited total asset value as of December 31, 2025.