Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 230

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 230
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 Class B ordinary shares            |     |   |  3,599,168 |   |
| Basic net income per share, Class B ordinary shares                     |     | $ |       0.11 |   |
| Weighted average shares outstanding, Class B ordinary shares            |     |   |  3,617,902 |   |
| Diluted net income per share, Class B ordinary shares                   |     | $ |       0.11 |   |

<div align='center'>The accompanying notes are an integral part of
these financial statements.

F-4

BLACK SPADE ACQUISITION II CO

STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR THE PERIOD FROM MAY 9, 2024 (INCEPTION) THROUGH DECEMBER 31, 2024</div>

| Balance – May 9, 2024 (inception)                                                     |     | Class A         
 Ordinary Shares 
 Shares          | — |     | Amount | — |     | Class B         
 Ordinary Shares 
 Shares          |         — |   |     | Amount |   — |   |     | Additional 
 Paid-in    
 Capital    |          — |   |     | Accumulated 
 Deficit     |          — |   |     | Total         
 Shareholders’ 
 Deficit       |           — |   |
|:--------------------------------------------------------------------------------------|:----|:----------------|:--|:----|:-------|:--|:----|:----------------|----------:|:--|:----|:-------|----:|:--|:----|:-----------|-----------:|:--|:----|:------------|-----------:|:--|:----|:--------------|------------:|:--|
| Issuance of Class B ordinary shares to Sponsor(1)                                     |     |                 | — |     |        | — |     |                 | 4,312,500 |   |     |        | 431 |   |     |            |     24,569 |   |     |             |          — |   |     |               |      25,000 |   |
| Sale of 11,120,000 Private Placement Warrants                                         |     |                 | — |     |        | — |     |                 |         — |   |     |        |   — |   |     |            |  5,560,000 |   |     |             |          — |