Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 215

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 215
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 by evidence
of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by a director, the director must
prove the procedural fairness of the transaction, and that the transaction was of fair value to the corporation.

As a matter of Cayman Islands
law, a director of a Cayman Islands company is in the position of a fiduciary with respect to the company and therefore it is considered
that he owes the following duties to the company — a duty to act in good faith in the best interests of the company, a
duty not to make a personal profit based on his position as director (unless the company permits him to do so), a duty not to put himself
in a position where the interests of the company conflict with his personal interest or his duty to a third party and a duty to exercise
powers for the purpose for which such powers were intended. A director of a Cayman Islands company owes to the company a duty to act with
skill and care. It was previously considered that a director need not exhibit in the performance of his duties a greater degree of skill
than may reasonably be expected from a person of his knowledge and experience. However, English and Commonwealth courts have moved towards
an objective standard with regard to the required skill and care and these authorities are likely to be followed in the Cayman Islands.

Shareholder Action by Written Consent.Under the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act by written
consent by amendment to its certificate of incorporation. Cayman Islands law permits us to eliminate the right of shareholders to act
by written consent and the Amended Articles provide that a resolution in writing signed by all the shareholders for the time being entitled
to receive notice of and to attend and vote at general meetings of The Generation Essentials Group (or being corporations by their duly
authorised representatives) shall be as valid and effective as if the same had been passed at a general meeting of The Generation Essentials
Group duly convened and held.

Shareholder Proposals.Under
the Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders, provided
it complies with the notice provisions in the governing documents. A special meeting may be called by the board of directors or any other
person authorized to do so in the governing documents, but shareholders may be precluded from calling special meetings.

The Cayman Islands Companies
Act does not provide shareholders with any right to requisition a general meeting or