AMTD Group and AMTD IDEA Reaffirm Long-Term Commitment to TGE with a Two-Year Voluntary Lock-Up

AMTD Digital (NYSE:HKD), as controlling shareholder of The Generation Essentials Group (NYSE:TGE), and co-founding shareholders AMTD Group and AMTD IDEA have agreed to a two-year voluntary lock-up on their TGE shares.

Rhea-AI Summary

AMTD Digital (NYSE:HKD), as controlling shareholder of The Generation Essentials Group (NYSE:TGE), and co-founding shareholders AMTD Group and AMTD IDEA have agreed to a two-year voluntary lock-up on their TGE shares.

This commitment is described as reflecting strong confidence in TGE’s long-term prospects and value creation potential.

Positive

• Two-year voluntary lock-up on TGE shares by controlling shareholder AMTD Digital
• AMTD Group and AMTD IDEA align with the same two-year TGE share lock-up
• Lock-up is described as reflecting strong confidence in TGE’s long-term prospects

Negative

• AMTD Digital, AMTD Group and AMTD IDEA cannot sell their TGE shares for two years

Argus Jun 22 session

-2.94% close to close Open Argus

Details

News Market Reaction – HKD

On Jun 22, the day this news came out, HKD closed 2.94% below the previous close.

Data tracked by StockTitan Argus for the Jun 22 session.

Key Figures

Lock-up duration: two years

Lock-up duration

two years

Voluntary agreement by AMTD Group, AMTD IDEA and AMTD Digital not to sell TGE shares

Historical Context

5 past events · Latest: Jun 18

5 events

1. Jun 18

   Media expansion

   24h Move

   -0.9%

   TGE announced full-scale, multi-market expansion of its media brands and distribution.

2. Jun 17

   Buyback & lock-up

   24h Move

   +0.0%

   TGE approved up to US$10M share repurchase and two-year lock-up by key insiders.

3. Jun 15

   Leadership reappointment

   24h Move

   +0.0%

   Founder of AMTD IDEA re-appointed as President of the Hong Kong Island Federation.

4. Jun 12

   Film release

   24h Move

   +0.6%

   TGE announced release and festival premiere of new film “Dog Day Evening.”

5. Jun 12

   Retail concept buildout

   24h Move

   +0.6%

   Completion of interior fit-out for second L'OFFICIEL COFFEE and BAR in Macau.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

lock-up

1 terms

lock-up financial

"Reaffirm Long-Term Commitment to TGE with a Two-Year Voluntary Lock-Up"

A lock-up is an agreement that prevents company insiders, early investors or employees from selling their shares for a set period after a public share offering. It matters to investors because it temporarily limits the number of shares available to trade—like a scheduled hold on extra inventory—and when that hold ends a large number of shares can enter the market, potentially putting downward pressure on the stock price and revealing insiders’ confidence in the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PARIS, LONDON and NEW YORK, June 22, 2026 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group") and AMTD IDEA Group ("AMTD IDEA") (NYSE: AMTD; SGX: HKB) jointly announce that as co-founding shareholders of The Generation Essentials Group ("TGE") (NYSE: TGE; LSE: TGE), they fully echo and support the recent announcement of AMTD Digital Inc. ("AMTD Digital") (NYSE: HKD), the controlling shareholder of TGE, that AMTD Digital, together with its directors and management team, have voluntarily agreed not to sell any of their TGE shares for a period of two years.

In alignment with this commitment and reflecting their strong confidence in the long-term prospects and value creation potential of TGE, AMTD Group and AMTD IDEA have likewise voluntarily undertaken and agreed not to sell any of their respective TGE shareholdings in the open market for a period of two years from the date of this announcement, in line with their strong commitment and confidence in the long-term prospects and value creation potential of TGE.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions conglomerate group, connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

View original content:https://www.prnewswire.com/news-releases/amtd-group-and-amtd-idea-reaffirm-long-term-commitment-to-tge-with-a-two-year-voluntary-lock-up-302806414.html

SOURCE AMTD IDEA Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AMTD Digital (NYSE:HKD) announce about its TGE (NYSE:TGE) shares on June 22, 2026?

AMTD Digital agreed to a two-year voluntary lock-up on its TGE shares. According to AMTD Digital, its directors and management will not sell any TGE shares for two years, signaling long-term alignment with The Generation Essentials Group.

How are AMTD Group and AMTD IDEA involved in the TGE share lock-up?

AMTD Group and AMTD IDEA also agreed to a two-year voluntary lock-up of their TGE shares. According to AMTD Group and AMTD IDEA, this mirrors AMTD Digital’s commitment and reflects their confidence in TGE’s long-term value creation potential.

How long will the TGE voluntary lock-up by AMTD Digital (HKD) and partners last?

The voluntary lock-up period for TGE shares will last two years from June 22, 2026. According to AMTD Digital, AMTD Group and AMTD IDEA, none of them will sell TGE shares in the open market during this period.

Why did AMTD Group and AMTD IDEA agree to lock up their TGE shareholdings?

They cite strong confidence in TGE’s long-term prospects and value creation. According to AMTD Group and AMTD IDEA, aligning with AMTD Digital’s two-year lock-up underlines their commitment as co-founding shareholders of The Generation Essentials Group.

What does the TGE share lock-up mean for AMTD Digital (HKD) investors?

It means AMTD Digital and key related shareholders will not sell TGE shares for two years. According to AMTD Digital, this voluntary lock-up highlights their long-term stance toward TGE, though it does not directly change AMTD Digital’s own share count.

Is the TGE lock-up by AMTD Digital and AMTD IDEA mandatory or voluntary?

The TGE lock-up is voluntary, not mandated by regulators or exchanges. According to AMTD Digital, AMTD Group and AMTD IDEA, they have independently undertaken not to sell their TGE shareholdings in the open market for two years from the announcement date.