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flag TGE is in exclusive talks to buy a NYC hotel, boosting its rooms by 60% by year-end 2025.

flag AMTD Digital’s subsidiary, The Generation Essentials Group (TGE), is in exclusive talks to acquire a New York City hotel with at least 150 rooms and significant retail and amenity space, aiming for a closing by year-end 2025. flag If completed, the deal would boost TGE’s room count from 366 to 585, a 60% increase, and is part of a broader plan to expand its global hospitality portfolio beyond 1,000 rooms within 12 to 15 months. flag The company is also exploring acquisitions in Europe, Southeast Asia, Australia, and New Zealand. flag TGE, a joint venture within the AMTD Group, operates in media, entertainment, and VIP services, with growth supported by digital platforms and international presence. flag Forward-looking statements are subject to risks and uncertainties.

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