Item 4 — Purpose of Transaction
Item 4 is hereby amended and supplemented by adding the following: On October 21, 2026, the Issuer and TGE entered into an Asset Transfer and Share Issuance Agreement (the "Asset Transfer Agreement"), pursuant to which the Issuer agreed to transfer to TGE its interests in four hotel assets, consisting of the AMTD IDEA Tribeca Hotel, a 50% equity interest in the hotel operations of the Ritz-Carlton, Perth, and 100% of the share capital of the entities holding the hotel operations of Regalia Kuala Lumpur and Dao By Dorsett North London (collectively, the "Target Assets"), for an aggregate purchase price of US$209,766,000. The purchase price was satisfied in full by the issuance by TGE to the Issuer on November 2, 2026 of 198,630,381 newly issued Class A ordinary shares of TGE (the "Consideration Shares"), determined based on the 30-day volume-weighted average price of TGE's shares on the New York Stock Exchange for the thirty trading days ending on May 29, 2026. The foregoing description of the Asset Transfer Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Asset Transfer Agreement, which is incorporated herein by reference to Exhibit 99.2 to the Issuer's Report on Form 6-K furnished with the SEC on November 6, 2026. Except as set forth herein, the Reporting Persons do not have any present plans or proposals which relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.