Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 359

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 359
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 scope of IFRS 3 — Business Combinations(“IFRS 3”) since Black Spade II does not meet the definition of a business in accordance with IFRS3, is accounted for within the scope of IFRS 2 — Share -based Payment(“IFRS 2”). Any excess of the fair value of consideration transferred to Black Spade II shareholders over the fair value of Black Spade II’s identifiable net assets acquired represents compensation for the service of a stock exchange listing for its shares and is expensed as incurred. One -timedirect and incremental transaction costs anticipated to be incurred prior to, or concurrent with, the consummation are reflected in the unaudited pro forma condensed combined statement of profit or loss and other comprehensive income and are recognized as expenses. The unaudited pro forma adjustments are based on information currently available, and assumptions and estimates underlying the unaudited pro forma adjustments are described in the accompanying notes. Actual results may differ materially from the assumptions used to present the accompanying unaudited pro forma condensed combined financial information. TGE and Black Spade II did not have any historical relationship prior to the Transactions. Accordingly, no pro forma adjustments were required to eliminate activities between the companies. The unaudited pro forma condensed combined statement of financial position as of December 31, 2024, assumes that the Transactions occurred on December 31, 2024. The unaudited pro forma condensed combined statement of profit or loss and other comprehensive income for the year ended December 31, 2024 presents the pro forma adjustments of the Transactions, as if they had been completed on January 1, 2024. The unaudited pro forma condensed combined statement of financial position as of December 31, 2024 has been prepared using, and should be read in conjunction with, the following: •Black Spade II’s audited balance sheet as of December31, 2024 and the related notes included elsewhere in this proxy statement/prospectus; and •TGE’s audited consolidated statement of financial position as of December31, 2024 and the related notes included elsewhere in this proxy statement/prospectus. The unaudited pro forma condensed statements of profit or loss and other comprehensive income for the year ended December 31, 2024 have been prepared using, and should be read in conjunction with, the following: •Black Spade II’s audited statements of operations for the period from May9, 2024 (inception) to December