Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 208

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 208
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 its competitors. This may limit our ability to market our services for the best interests of our company and our other shareholders. As a company incorporated in the Cayman Islands and a “controlled company” within the meaning of thecorporate governance rules, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly fromcorporate governance listing standards applicable to domestic U.S. companies or rely on exemptions that are available to a “controlled company”; these practices may afford less protection to shareholders than they would enjoy if we complied fully withcorporate governance listing standards. We are an exempted company incorporated in the Cayman Islands, and, after the consummation of the Business Combination, will be listed on as a foreign private issuer. listing rules permit a foreign private issuer like us to follow the corporate governance practices of its home country. Certain corporate governance practices in the Cayman Islands, which is our home country, may differ significantly from corporate governance listing standards applicable to domestic U.S. companies. Upon consummation of the Business Combination, The Generation Essentials Group will become a “controlled company” as defined under therules because it is expected that the Controlling Shareholder will own more than 50% of our total voting power. For so long as The Generation Essentials Group remains a controlled company under that definition, it is permitted to elect to rely, and may rely, on certain exemptions fromcorporate governance rules. As a foreign private issuer and a “controlled company”, The Generation Essentials Group is permitted to elect to rely, and may rely, on certain exemptions from corporate governance rules, including (i) an exemption from the rule that a majority of our board of directors must be independent directors; (ii) an exemption from the rule that director nominees must be selected or recommended solely by independent directors; (iii) an exemption from the rule that the compensation committee must be comprised solely of independent directors and (iv) an exemption from the requirement that an audit committee be comprised of at least three members under. We are currently relying on the exemptions under (i) and (iv) and we may rely on additional exemptions available to foreign private issuers and as a “controlled company.” As a result, you may not be provided with the benefits of certain corporate governance requirements of applicable to companies that are subject to these corporate governance requirements. You may face difficulties in protecting your interests, and your ability to protect your rights through U.S. courts may be limited, because we are incorporated under the laws of the Cayman Islands, and we conduct