AMTD subsidiaries extend lock-up commitments from executive officers

AMTD IDEA Group (AMTD), a NYSE and SGX-ST dual-listed company and a subsidiary of AMTD Group, AMTD Digital (HKD), a controlled and consolidated subsidiary of AMTD IDEA Group, and The Generation Essentials Group (TGE), a controlled and consolidated subsidiary of AMTD Digital, 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, signaling a powerful vote of confidence in the long-term strategy and growth potential of the AMTD listed entities. Specifically, all executive officers and management of key operations and subsidiaries have undertaken not to sell any equity securities they own in AMTD IDEA, AMTD Digital and TGE in the open market for 2 years commencing on the date of this press releases. This extends the existing lock-up commitments from the executive officers of AMTD IDEA and AMTD Digital in respect of their equity securities in AMTD IDEA and AMTD Digital to include also the core management team as well as TGE. As previously announced, AMTD Group, AMTD IDEA Group and AMTD Digital have also committed to a lock up in respect of their equity securities in TGE for a period of 3 years from June 3, the date TGE consummated its business combination with Black Spade Acquisition II Co.