Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 116

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 116
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 (12,191 | ) |     |   643,780 |
| Non-controlling interests                    |     |   103,853 |           |        — |             |     |            — |           |     |                         — |   |     |   103,853 |     |                         — |   |     |   103,853 |     |                         — |   |     |   103,853 |
| Total equity                                 |     |   769,130 |           |  152,155 |             |     |     (161,461 | )         |     |                   120,660 |   |     |   880,484 |     |                    52,550 |   |     |   812,374 |     |                   (12,191 | ) |     |   747,633 |
| Total liabilities and equity                 |     | 1,174,434 |           |  157,595 |             |     |            — |           |     |                   (28,987 | ) |     | 1,303,042 |     |                   (97,097 | ) |     | 1,234,932 |     |                  (161,838 | ) |     | 1,170,191 |

70

COMPARATIVE PER SHARE DATA The following table sets forth the per share data of each of Black Spade II and TGE on a stand -alonebasis and the unaudited pro forma condensed combined per share data for the year ended December31, 2024 and after giving effect to the Business Combination, prepare using the assumptions below: •Scenario 1 — Assuming No Redemptions: This presentation assumes that no BSII Public Shares are redeemed by the Black Spade II Public Shareholders. •Scenario 2 — Assuming 50% Redemptions: This presentation assumes 7,650,000 BSII Public Shares are redeemed by the Black Spade II Public Shareholders. •Scenario 3 — Assuming Maximum Redemptions: This presentation assumes 14,809,714 BSII Public Shares are redeemed by the Black Spade II Public Shareholders. The maximum redemption scenario refers to a scenario where Black Spade II Public Shareholders exercise rights to redeem 14,809,714 BSII Class A Ordinary Shares, which represents the maximum level of redemptions that could occur without a failure to satisfy the condition set forth in the Business Combination Agreement that Black Spade II has net tangible assets of