The Generation Essentials Group ("TGE") (NYSE:TGE, LSE: TGE))), a subsidiary of AMTD Digital Inc. (NYSE:HKD), announces that TGE's Board of Directors has approved a share repurchase program under which TGE may repurchase up to US$10 million of its ordinary shares.

TGE's proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. TGE's board of directors may review the share repurchase program periodically and may authorize adjustment of its terms and size. TGE expects to fund the repurchases out of its existing cash balance.

Upon completion of several hotel acquisitions, TGE's total asset value of approximately US$1.7 billion, represent a 17.7% increase over the audited total asset value as of December 31, 2025. Its net assets are expected to approximate US$971 million, a 15.8% increase over the audited year-end net asset value. 

The Board believes that TGE's shares are drastically undervalued, given that current share prices are trading at a significant discount relative to net asset and total asset values per share.

The new share repurchase program is intended to enhance shareholder value and demonstrate the Board's confidence in TGE's long‑term prospects, asset strengths, and robust capital position. 

Concurrently, TGE announced that its controlling shareholder, AMTD Digital Inc., directors, and management team have voluntarily agreed not to sell any of their TGE shares for two years from the date of this announcement, further reinforcing their long‑term commitment to and confidence in TGE.