Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 177

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 177
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 Timothy Tong, Dr. Feridun Hamdullahpur and            
 Joanne Shoveller. AMTD Digital Inc. is listed on the NYSE and controlled by AMTD IDEA Group.                                      |

| (5) | Represents 1,464,944 Class A Ordinary Shares held by South Horizon Oceans (Group) Co. Inc., a Cayman Islands                               
 company whose registered address of is Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Island. South Horizon 
 Oceans (Group) Co. Inc. is owned by L.R. Capital China Growth II Company Limited.                                                          |

<div align='center'>113

SELLING
SECURITYHOLDERS</div>

This prospectus relates to,
among other things, the registration and resale by the Selling Securityholders of up to (A) 57,401,944 Class A Ordinary Shares, which
include (i) 3,235,714 Class A Ordinary Shares beneficially owned by South Horizon Oceans (Group) Co. Inc. and 1,464,944 Class A Ordinary
Shares beneficially owned by Radisson Everton Venture Fund, which were originally acquired prior to the Closing Date; (ii) 18,425,068
Class A Ordinary Shares beneficially owned by AMTD IDEA Group, 45,307 Class A Ordinary Shares beneficially owned by AMTD Group Inc. and
19,285,911 Class A Ordinary Shares issuable upon the conversion of 19,285,911 Class B Ordinary Shares beneficially owned by AMTD Digital
Inc., which were originally acquired prior to the Closing Date; (iii) 3,825,000 Sponsor Shares issued to the Sponsor Shareholders on the
Closing Date in exchange for the Class B ordinary shares of Black Spade II; and (iv) 11,120,000 Class A Ordinary Shares issuable
upon the exercise of the Sponsor Warrants which warrants subsequently distributed to certain members of the Sponsor, and (B) 11,120,000
Sponsor Warrants. When we refer to the “Selling Securityholders” in this prospectus, we mean the persons listed in the tables
below, and the pledgees, donees, transferees, assignees, successors and others who later come to hold any of the Selling Securityholders’
interest in our securities after the date of this prospectus.

The Selling Securityholders
may from time to time offer and sell