Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 11

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 11
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 these statements in conjunction with the risk
factors disclosed in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results
of Operation” of this prospectus. Those risks are not exhaustive. We operate in a rapidly evolving environment. New risks emerge
from time to time and it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on
our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in
any forward-looking statement. We do not undertake any obligation to update or revise the forward-looking statements except as required
under applicable law.

<div align='center'>iv

FREQUENTLY
USED TERMS</div>

Unless otherwise stated or
unless the context otherwise requires in this document:

“Adjustment Factor”
means the number resulting from dividing the Per Share TGE Equity Value by $10.00;

“Amended Articles”
means the fourth amended and restated memorandum and articles of association of The Generation Essentials Group;

“AMTD Digital”
means AMTD Digital Inc., a Cayman Islands exempted company;

“Assignment, Assumption
and Amendment Agreement” means the assignment, assumption and amendment agreement, dated June 3, 2025, by and among The Generation
Essentials Group, Black Spade II and Continental Stock Transfer & Trust Company;

“Black Spade II’s
IPO” means Black Spade II’s initial public offering, which was consummated on August 29, 2024;

“Black Spade II
Public Shareholders” means the holders of BSII Class A Ordinary Shares issued as part of the Units issued in Black Spade II’s
IPO;

“Black Spade II
Shareholder” means the holder of BSII Shares;

“BSII” or “Black
Spade II” means Black Spade Acquisition II Co, a Cayman Islands exempted company;

“BSII Class A
Ordinary Shares” or “BSII Public Shares” means the Class A ordinary shares of Black Spade II, par value $0.0001
per share;

“BSII Class B
Ordinary Shares” means the Class B ordinary shares, par value $0.0001 per share, of Black Spade II;

“BSII Dissenting Share”
means each issued and outstanding BSII Class A Ordinary Share that is held by any person who has validly exercised and not effectively
withdrawn or lost their right