Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 410

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 410
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 in the open market will be significantly limited. Black Spade II has policies in place that prohibit insiders from selling BSII Securities except during specific periods of time. Even during such periods of time when insiders will be permitted to sell BSII Securities, an insider cannot trade in BSII Securities if he or she is in possession of material non -publicinformation. Accordingly, unlike public shareholders who could exercise their BSII Warrants and sell the BSII Public Shares received upon such exercise freely in the open market in order to recoup the cost of such exercise, the insiders could be significantly restricted from selling such securities. As a result, Black Spade II believes that allowing the holders to exercise such BSII Warrants on a cashless basis is appropriate. Exempted Company TGE is an exempted company with limited liability incorporated under the laws of Cayman Islands. The Cayman Islands Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except for the exemptions and privileges listed below: •annual reporting requirements are minimal and consist mainly of a statement that the company has conducted its operations mainly outside of the Cayman Islands and has complied with the provisions of the Companies Act; •an exempted company’s register of members is not open to inspection; •an exempted company does not have to hold an annual general meeting; •an exempted company may issue shares with no par value; •an exempted company may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 or 30 years in the first instance); •an exempted company may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands; •an exempted company may register as a limited duration company; and •an exempted company may register as a segregated portfolio company. “Limited liability” means that the liability of each shareholder is limited to the amount unpaid by the shareholder on that shareholder’s shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil). 264

Recent Sales of Unregistered Securities In the past three years, The Generation Essentials Group issued the following securities. The Generation Essentials Group