Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 112

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 112
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 be a passive foreign investment company for any taxable year, which could subject U.S. Holders to significant adverse U.S. federal income tax consequences. Risks Relating to Redemption of BSII Public Shares •If a shareholder fails to receive notice of Black Spade II’s offer to redeem the BSII Public Shares in connection with the Business Combination, such shares may not be redeemed. •You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your BSII Public Shares and/or warrants, potentially at a loss. •There is no guarantee that a Public Shareholder’s decision whether to redeem their shares for a pro rata portion of the Trust Account will put such shareholder in a better future economic position. Risks Relating to the Adjournment Proposal •If the Adjournment Proposal is not approved, and an insufficient number of votes have been obtained to authorize the consummation of the Business Combination, the Black Spade II Board will not have the ability to adjourn the Meeting to a later date in order to solicit further votes, and, therefore, the Business Combination will not be approved. 57

SELECTED HISTORICAL FINANCIAL DATA OF T GE The following tables present the selected combined financial data of TGE. TGE prepares its combined financial statements in accordance with IFRS. Except for numbers in U.S. dollars, the selected consolidated statements of profit or loss and other comprehensive income for the years ended December 31, 2022, 2023 and 2024, the selected consolidated statements of financial position as of December31, 2022, 2023 and 2024 and the selected consolidated statement of cash flows data for the years ended December31, 2022, 2023 and 2024 have been derived from TGE’s audited consolidated financial statements, which are included elsewhere in this proxy statement/prospectus. TGE’s historical results for any prior period are not necessarily indicative of results expected in any future period. The financial data set forth below should be read in conjunction with, and is qualified by reference to “TGE’s Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the combined financial statements and notes thereto included elsewhere in this proxy statement/prospectus. Selected Consolidated Statements of Profit or Loss and Other Comprehensive Income

|                                                                                                              |     | Year ended December 31, 
                    2022 |