Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 155

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 155
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<div align='center'>99</div>

To date, we have financed
our operating and investing activities primarily through cash generated from

operations, funding from our
Controlling Shareholder and bank borrowings. We had cash and bank balances of US$6.1 million and US$20.0 million as of December 31,
2023 and December 31, 2024, respectively. Cash and bank balances include demand deposits at banks, earning interest at floating rates
based on daily bank deposit rates for all the periods. The bank balances are deposited with creditworthy banks with no recent history
of default.

In connection with the Business
Combination, holders of 13,120,874 BSII Class A Ordinary Shares exercised their right to redeem their shares for cash at a redemption
price of approximately US$10.30 per share, for an aggregate redemption amount of approximately US$135.2 million, representing approximately
85.8% of the total BSII Class A Shares outstanding as of the Record Date. We raised gross cash proceeds of approximately US$22.5 million
in connection with the Business Combination.

We may seek additional equity
or debt financing in the future to satisfy capital requirements, respond to adverse developments or changes in our circumstances or unforeseen
events or conditions, or fund organic or inorganic growth.

Subject to the AMTD Lock-up
Obligations, the Selling Securityholders can sell, under this prospectus, up to (i) 57,401,944 Class A Ordinary Shares constituting approximately
88.7% of the total issued and outstanding Ordinary Shares (assuming exercise of all outstanding Warrants), and (ii) 11,120,000 Warrants,
representing approximately 68.6% of our outstanding Warrants, as of the date of this prospectus. Subject to the AMTD Lock-up Obligations,
AMTD Digital, AMTD IDEA Group, AMTD Group Inc. can sell all Ordinary Shares beneficially owned by them under this prospectus, being 37,756,286
Class A Ordinary Shares (including (i) 18,470,375 Class A Ordinary Shares and (ii) 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.), and constituting approximately 58.4% of our
issued