AMTD IDEA Group's Controlling Shareholders Enter into Two Years Voluntary Lock-up on Holdings

Rhea-AI Summary

AMTD IDEA Group (NYSE:AMTD; SGX:HKB) announced that its parent AMTD Group has entered a voluntary 2-year lock-up on its holdings in AMTD IDEA Group, effective from Nov 13, 2025.

This follows August lock-ups by executive directors and core management for AMTD IDEA Group, AMTD Digital (NYSE:HKD) and The Generation Essentials Group (NYSE:TGE). The company said the move reaffirms shareholder confidence in its long-term strategy as it expands globally.

The release also noted the hospitality segment's rapid growth in 2025 and an expectation that the total number of hotel rooms will exceed 1,000, including current managed hotels and recently announced deals subject to completion.

Positive

• Controlling shareholder 2-year lock-up beginning Nov 13, 2025
• Management and executives previously agreed to 2-year lock-ups in August
• Hospitality footprint expected to exceed 1,000 hotel rooms

Negative

• None.

PARIS, NEW YORK and SINGAPORE, Nov. 13, 2025 /PRNewswire/ -- AMTD IDEA Group ("AMTD IDEA Group") (NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual-listed company and a subsidiary of AMTD Group Inc. ("AMTD Group") announced that AMTD Group has entered into voluntary lock-up arrangement in respect of its holdings in AMTD IDEA Group. Specifically, AMTD Group has undertaken not to sell any equity securities its owns in AMTD IDEA Group in the open market for 2 years commencing on the date of this press release.

In August, AMTD IDEA Group, AMTD Digital Inc. ("AMTD Digital") (NYSE: HKD), and The Generation Essentials Group ("TGE") (NYSE: TGE), jointly announced that all executive directors and core management of key operations and subsidiaries have entered into voluntary lock-up agreements in respect of all of their holdings in AMTD IDEA Group, AMTD Digital and TGE for two years.

Today's announcement reaffirms the shareholders' confidence in the long-term strategy and growth prospects of AMTD IDEA Group.

AMTD IDEA Group continues to expand as a globally diversified conglomerate, with its hospitality sector experiencing rapid growth this year and establishing a truly international presence. The total number of hotel rooms is expected to exceed 1,000, including those from the existing hotels managed under AMTD IDEA Group and the recently announced deals that are subject to completion.

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.

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 and/or AMTD Digital, 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

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SOURCE AMTD IDEA Group

FAQ

What does AMTD Group's 2-year lock-up mean for AMTD IDEA Group (NYSE:AMTD) shareholders?

It means AMTD Group has agreed not to sell its AMTD IDEA Group equity in the open market for two years from Nov 13, 2025, which may reduce immediate selling pressure.

Did AMTD IDEA Group management also enter a lock-up and when?

Yes; executive directors and core management entered voluntary 2-year lock-up agreements in August 2025 covering holdings in AMTD IDEA Group and related entities.

How large is AMTD IDEA Group's hospitality expansion after the announcement?

The company expects its hospitality portfolio to exceed 1,000 hotel rooms, including existing managed hotels and recently announced deals subject to completion.

When did AMTD IDEA Group announce the controlling shareholder lock-up?

The announcement was made on November 13, 2025.

Which tickers are associated with the companies mentioned in the lock-up announcement?

AMTD IDEA Group trades as AMTD (NYSE) and HKB (SGX), AMTD Digital as HKD (NYSE), and The Generation Essentials Group as TGE (NYSE).