TGE's New Film: "Scare Out" - China's First Contemporary National-Security Movie, Set for Lunar New Year Release

Rhea-AI Summary

AMTD Digital (NYSE:HKD) subsidiary The Generation Essentials Group (TGE) will release "Scare Out", described as China’s first contemporary national-security film under guidance of the Ministry of State Security, in theatres for the 2026 Lunar New Year on February 17 in multiple countries and February 28 in Hong Kong and Macau.

The film, directed by Yimou Zhang and featuring Jackson Yee and others, follows undercover national security officers. Promotional social media reach is reported at 2.47 billion, with Douyin hashtag views of 1.18 billion.

Key Figures

Social media reach: 2.47 billion Douyin views: 1.18 billion Douyin rank: No.1 +1 more

4 metrics

Social media reach 2.47 billion Total audience reached by promotional materials for "Scare Out"

Douyin views 1.18 billion Views for the film’s related hashtag on Douyin

Douyin rank No.1 Position on Douyin real-time popularity chart for the film hashtag

Weibo movie rank No.2 Position on Weibo movie list for the film

Market Reality Check

Price: $1.45 Vol: Volume 1,141,176 is about...

high vol

$1.45 Last Close

Volume Volume 1,141,176 is about 4.05x the 20-day average of 281,867, indicating elevated trading interest ahead of the film release. high

Technical Shares at $1.52 are trading below the 200-day MA of $1.73 and remain 72.21% under the 52-week high of $5.47.

Peers on Argus

HKD is up 11.76%, while several peers such as APPS (-6.1%) and DSP (-6.09%) are ...

1 Up 1 Down

HKD is up 11.76%, while several peers such as APPS (-6.1%) and DSP (-6.09%) are down, and RBBN shows mixed behavior (scanner: -19.85% vs sector list: +2.06%). This points to a stock-specific move tied to HKD/TGE news rather than a broad software rotation.

Historical Context

5 past events · Latest: Dec 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 26	Hotel acquisition	Positive	-2.2%	TGE executed SPA to acquire Hilton Garden Inn New York City Tribeca.
Dec 19	Brand campaign	Positive	+0.7%	Global L'OFFICIEL HOMMES project featuring Jay Chou across multiple regions.
Dec 19	SPAC IPO pricing	Positive	+0.7%	TGE-sponsored SPAC priced 15M units at $10.00 and began NYSE trading.
Dec 15	Fashion event	Positive	-6.9%	L'OFFICIEL hosted a landmark fashion show at the London Stock Exchange.
Dec 15	Hotel acquisition	Positive	-6.9%	TGE agreed to buy 80% of Upper View Regalia Hotel for HK$300M, expanding portfolio.

Pattern Detected

Recent TGE- and brand-related announcements have often seen mixed or negative price reactions, even when the news was operationally positive.

Recent Company History

Over the past few months, AMTD Digital’s updates around TGE have focused on hospitality expansion and brand projects. On Dec 15, 2025, news of an 80% hotel stake for HK$300 million and broader portfolio growth coincided with a -6.9% move. A fashion event at the London Stock Exchange on Dec 10, 2025 also saw shares down 6.9%. In contrast, the Dec 19, 2025 SPAC pricing and Jay Chou campaign saw modest gains of 0.74%, showing uneven reactions to positive brand-building news.

Market Pulse Summary

This announcement spotlights TGE’s new film "Scare Out," described as China’s first contemporary nat...

Analysis

This announcement spotlights TGE’s new film "Scare Out," described as China’s first contemporary national-security movie, plus significant promotional reach of 2.47 billion and 1.18 billion Douyin views. In recent months, AMTD Digital and TGE have emphasized hospitality assets, listings, and brand-building. Investors may watch how box-office performance, future content projects, and integration with TGE’s broader ecosystem evolve relative to past initiatives that sometimes coincided with notable share price swings.

AI-generated analysis. Not financial advice.

PARIS,  NEW YORK and LONDON, Feb. 6, 2026 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce that TGE latest's release "Scare Out" (the "Movie"), China's first contemporary national-security film created under the guidance of the Ministry of State Security of the People's Republic of China, will debut in theatres during 2026 Lunar New Year, releasing on February 17 in China, the United States, Canada, the United Kingdom, Australia, New Zealand, Singapore, Malaysia, Brunei, Ireland, Fiji, and Papua New Guinea.

This TGE's new film will be released in Hong Kong SAR and Macau SAR on February 28, with more countries and regions to be announced.

Directed by Yimou Zhang, the Movie features a stellar cast including Jackson Yee, Yilong Zhu, Jia Song, Jiayin Lei, Mi Yang, Yi Zhang, Cecelia Liu, and Yaowen Liu.

The Movie centers on a team of undercover national security officers living under assumed identities. In a silent, high-stakes battle with foreign spies, they carry out careful, strategic work to protect the nation. Rooted in the pulse of today's world, the Movie reveals the modern national security frontline and honors the unnamed heroes who quietly protect the country.

The promotional materials of the Movie through social media has generated substantial buzz, reaching a total audience of 2.47 billion. Its related hashtag on Douyin has garnered 1.18 billion views, securing the No.1 spot on the real-time popularity chart, and it also holds the No.2 spot on the Weibo movie list.

AMTD is a co-production company of the Movie, with Dr. Calvin Choi, founder of AMTD IDEA, AMTD Digital, and TGE, serving as a co-producer.

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 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.

About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news.

About The Generation Essentials Group
The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

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, AMTD Digital and/or The Generation Essentials 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, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes 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

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

View original content to download multimedia:https://www.prnewswire.com/news-releases/tges-new-film-scare-out---chinas-first-contemporary-national-security-movie-set-for-lunar-new-year-release-302681343.html

SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group

FAQ

When will TGE's "Scare Out" (HKD) debut in China and Hong Kong for Lunar New Year 2026?

The film debuts in China on February 17, 2026, and in Hong Kong SAR on February 28, 2026. According to the company, additional country release dates will be announced later.

What is the premise of "Scare Out" and who directed the film from TGE (HKD)?

"Scare Out" follows undercover national security officers operating under assumed identities in high-stakes covert work. According to the company, the film is directed by Yimou Zhang and spotlights modern national-security frontline themes.

Which cast members star in TGE's "Scare Out" and how is AMTD related to the movie (HKD)?

The cast includes Jackson Yee, Yilong Zhu, Jia Song and others. According to the company, AMTD served as a co-producer and Dr. Calvin Choi is credited as a co-producer.

How large was the promotional social-media reach for "Scare Out" ahead of its HKD release?

Promotional materials reportedly reached a total audience of 2.47 billion across social platforms. According to the company, the Douyin hashtag had 1.18 billion views and ranked No.1 in real-time popularity.

In which international markets will TGE release "Scare Out" during Lunar New Year 2026?

The film will release on February 17 in markets including the United States, United Kingdom, Canada, Australia, Singapore and more. According to the company, additional countries and regions will be announced later.