Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 245

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 245
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 six potential targets (collectively, the “Other Potential Acquisitions”). Black Spade II did not execute any letters of intent or memorandum of understanding with other companies. The Black Spade II Board ultimately determined to pursue a business combination with aWME over the Other Potential Acquisitions. Upon conducting further detailed due diligence of these potential acquisition targets, Black Spade II together with the management and/or shareholders of these potential targets decided not to proceed to drafting merger agreements. With the exception of aWME, Black Spade II did not consider the other alternative acquisition targets that it evaluated to be as compelling when taking into consideration their respective business prospects, strategy, management teams, structure, growth potential, likelihood of execution and valuation considerations. Mr. Dennis Tam, chairman and co -CEOof Black Spade II was introduced to Dr. Calvin Choi, and director of aWME, through a mutual business acquaintance. The first meeting between Mr. Tam and Dr. Choi took place in Dubai on September 5, 2024. During this meeting, Dr. Choi introduced the core business components of the aWME Group, i.e. the L’Officiel magazine and The Art Newspaper, and expressed interest in pursuing a potential business combination between aWME and Black Spade II, noting the successful combination of Black Spade Acquisition Co (“BSAQ”) and VinFast Auto Ltd. (“VinFast”) in 2023. Between September 11 and September 13, 2024, Mr. Tam discussed the potential transaction with aWME internally with Mr. Kester Ng, Co -CEOand CFO of Black Spade II, and Mr. Richard Taylor, Co -CEOand COO of Black Spade II. They evaluated aWME, as a potential target, based on the available information. On September 14, 2024, Mr. Tam met Dr. Choi again in Macau, where Mr. Tam and Dr. Choi delved into a more detailed discussion regarding the history and business performance of aWME’s core business. Dr. Choi shared with Mr. Tam informational materials about the aWME Group. On September 19, 2024, Black Spade II and an affiliate of aWME entered into a confidentiality agreement that outlined the terms for sharing confidential information. On September 20, 2024, Mr. Tam and Dr. Choi visited the L’Officiel New York office, where Mr. Tam was introduced to Dr. Feridun Hamdullahpur and Mr. Samuel