Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006766
Chunk: 1

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 1
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 in trust (assuming no BSII shareholders elect
to have their BSII shares redeemed for cash as permitted).

The transaction is expected to close in mid-2025, subject to regulatory
and shareholder approvals, and other customary closing conditions. After the transaction, assuming no BSII shareholders elect to have
their BSII shares redeemed for cash as permitted, existing shareholders of WME will hold over 70% of the combined company.

Dr. Feridun Hamdullahpur, Chairman of the Board, World Media and Entertainment Universal Inc., said: “WME is excited to enter into a long-term strategic partnership with Black Spade.
As a dynamic, forward-thinking, innovative global media and entertainment company, we seek global partners who share our values, vision,
and integrity to reach new heights. Black Spade distinguishes itself as one such partner. On behalf of the entire WME family and our board
of directors, I am looking forward to the growth steps we will take together. WME listing, subject to customary closing conditions, will
become AMTD Group’s third listed company to be, after AMTD IDEA Group and AMTD Digital Inc.”

Mr. Dennis Tam, Executive Chairman of the Board and Co-CEO, Black Spade Acquisition II Co, said: “Following on the success of our first business combination with VinFast Auto in 2023, we
are excited to announce that WME, known for its iconic L’Officiel magazine and The Art Newspaper, will go public through
a De-SPAC transaction with BSII. With a growing hospitality and culturtainment portfolio, WME is well-positioned for meaningful growth
and global expansion. Luxury and entertainment are core to Black Spade’s business, and this transaction will unlock value for shareholders
while allowing WME to expand its global footprint to leverage upon Black Spade’s network of resources and connectivity.”

Additional information about the proposed transaction, including a
copy of the business combination agreement, is available in BSII’s Current Report on Form 8-K, filed on January 27, 2025 with the
Securities and Exchange Commission (“SEC”) at .

More information about the proposed transaction will also be described
in WME’s registration statement that includes BSAQ II’s proxy statement and WME’s prospectus in relation to the business
combination, which will be filed with the SEC.

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About World Media and Entertainment Universal Inc.

World Media and Entertainment Universal Inc., jointly established by