Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 92

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 92
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| Voting Ordinary Shareholders                            |     |                    |            |     |   |       |
| AMTD Digital Inc.                                       |     |                    | 19,285,911 |     |   |  35.2 |
| AMTD IDEA Group                                         |     |                    | 18,425,068 |     |   |  33.6 |
| South Horizon Oceans (Group) Co. Inc.                   |     |                    |  3,235,714 |     |   |   5.8 |
| Radisson Everton Venture Fund                           |     |                    |  1,464,944 |     |   |   2.7 |
| AMTD Group Inc.                                         |     |                    |     45,307 |     |   |   0.1 |
|                                                         |     |                    | 42,456,944 |     |   |  77.5 |
| Non-voting Redeemable Ordinary                          
 Shareholders                                            |     |                    |            |     |   |       |
| AMTD Digital Inc.                                       |     |                    |  6,343,056 |     |   |  11.5 |
|                                                         |     |                    | 48,800,000 |     |   |  89.0 |
|                                                         |     |                    | 54,804,126 |     |   | 100.0 |

| Notes: |

| (1) | The share amounts and ownership percentages set forth above are not indicative of voting percentages.                                      
 Excludes the potential dilutive effect of any Warrants outstanding, earnout shares that may be issued after the Closing or equity awards   
 that may be granted under the 2025 Share Incentive Plan. If the actual facts are different from the assumptions set forth above, the share 
 amounts and percentage ownership numbers set forth above will be different.                                                                |

| (2) | Represents the issuance of ordinary shares of The Generation Essentials Group to Black Spade II Public 
 Shareholders following the completion of the Business Completion.                                      |

| (3) | Represents the issuance of ordinary shares of The Generation Essentials Group to the Sponsor and the other 
 shareholders of Black Spade II following the completion of the Business Completion.                        |

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UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT
OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED