Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 205

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 205
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 of aWME Class A Ordinary Shares may consider beneficial. Upon consummation of the Business Combination, we will adopt a dual -classvoting structure such that our ordinary shares will consist of aWME Class A Ordinary Shares and aWME Class B ordinary shares. Holders of aWME Class A Ordinary Shares and aWME Class B Ordinary Shares have the same rights other than voting and conversion rights. Each holder of aWME Class A Ordinary Shares will be entitled to one vote per share and each holder of aWME Class B Ordinary Shares will be entitled to 20 votes per share on all matters submitted to them for a vote. aWME Class A Ordinary Shares and aWME Class B Ordinary Shares will vote together as a single class on all matters submitted to a vote of our shareholders, except as may otherwise be required by law. Each aWME Class B Ordinary Share will be convertible into one aWME Class A Ordinary Share, whereas aWME Class A Ordinary Shares will not be convertible into aWME Class B Ordinary Shares under any circumstances. Upon any transfer of aWME Class B Ordinary Shares by a holder thereof to any person or entity which is not an affiliate of such holder, such aWME Class B Ordinary Shares will automatically and immediately be converted into the equal number of aWME Class A Ordinary Shares. AssumingNo Redemptions Scenario, it is anticipated that, immediately after the consummation of the Business Combination, (a) AMTD Digital Inc. will own 28.4% of the outstanding aWME Ordinary Shares and own all of the outstanding aWME Class B Ordinary Shares, representing 90.1% of aWME’s total voting power. After the 123 consummation of the Business Combination, AMTD Digital Inc. (and therefore the Controlling Shareholder) will continue to have considerable influence over matters requiring shareholder approval, over matters such as electing directors and approving material mergers, acquisitions or other business combination transactions. This concentrated control will limit your ability to influence corporate matters and could also discourage others from pursuing any potential merger, takeover, or other change of control transaction, which could have the effect of depriving the holders of aWME Class A Ordinary Shares of the opportunity to sell their shares at a premium over the prevailing market price. Our dual-class voting structure may render aWME Class A Ordinary Shares and aWME Warrants ineligible for inclusion in certain stock market indices, and thus adversely affect the trading price and liquidity of