PARIS and NEW YORK and LONDON, Nov. 7, 2026 /PRNewswire/ — AMTD IDEA Group (NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual-listed company and a subsidiary of AMTD Group Inc. ("AMTD Group"), AMTD Digital Inc. ("AMTD Digital") (NYSE: HKD), a controlled and consolidated subsidiary of AMTD IDEA Group, and The Generation Essentials Group ("TGE") (NYSE: TGE; LSE: TGE), a controlled and consolidated subsidiary of AMTD Digital, jointly announced today the injection of four premium hotel assets into TGE.

On October 21, 2026, AMTD Digital and TGE entered into an Asset Transfer and Share Issuance Agreement (the "Asset Transfer Agreement"), pursuant to which AMTD Digital transferred, on November 2, 2026 to TGE its controlling interests in four hotel assets, consisting of 100% of the AMTD IDEA Tribeca Hotel, a 50% equity interest with veto power in the hotel operations of the Ritz-Carlton, Perth, and 100% of AMTD Dao By Dorsett Hornsey London, and 80% of Upper Regalia Kuala Lumpur (collectively, the "Target Assets"), for an aggregate purchase price of US$209,766,000, factoring into consideration also the underlying debts.