Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 218

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 218
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 |     | US$23.0 million                                                            |
| AMTD Digital Inc.                     |     | November 26, 2024 |     | 1,680 non-voting redeemable ordinary shares |     | US$100.0 million                                                           |

In connection with the Business
Combination and on the Closing Date, The Generation Essentials Group issued 23,171,033 Class A Ordinary Shares, 19,285,911 Class B Ordinary
Shares and 6,343,056 Preferred Shares to then existing shareholders of The Generation Essentials Group as a part of the Recapitalization.

<div align='center'>136

PLAN
OF DISTRIBUTION</div>

We are registering the issuance
by us of up to 16,220,000 Class A Ordinary Shares issuable upon the exercise of the Warrants. We are also registering the resale by the
Selling Securityholders of up to (A) 57,401,944 Class A Ordinary Shares, which include (i) 3,235,714 Class A Ordinary Shares beneficially
owned by South Horizon Oceans (Group) Co. Inc. and 1,464,944 Class A Ordinary Shares beneficially owned by Radisson Everton Venture Fund,
which were originally acquired prior to the Closing Date; (ii) 18,425,068 Class A Ordinary Shares beneficially owned by AMTD IDEA Group,
45,307 Class A Ordinary Shares beneficially owned by AMTD Group Inc. and 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., which were originally acquired prior to the Closing Date;
(iii) 3,825,000 Sponsor Shares issued to the Sponsor Shareholders on the Closing Date in exchange for the Class B ordinary shares
of Black Spade II; and (iv) 11,120,000 Class A Ordinary Shares issuable upon the exercise of the Sponsor Warrants which warrants
subsequently distributed to certain members of the Sponsor, and (B) 11,120,000 Sponsor Warrants. As used herein, “Selling Securityholders”
includes donees, pledgees, transferees or other successors-in-interest (as a gift, pledge, partnership distribution or other non-sale
related transfer) selling securities received after the date of this prospectus from the Selling Securityholders.

The Selling Securityholders
reserve the right to accept and, together with their respective agents, to reject, any proposed