Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 88

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 88
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 unaudited pro
forma condensed combined financial statements present the combination of the financial information of The Generation Essentials Group
and Black Spade II adjusted to give effect to (i) the Transactions” and (ii) the TGE Reorganization. The following
unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X as
amended by the final rule, Release No. 33-10786 “Amendments to Financial Disclosures about Acquired and Disposed Businesses.”
Defined terms included in these financial statements have the same meaning as terms defined and included elsewhere in this prospectus.

The following unaudited pro
forma condensed combined statement of financial position as of December 31, 2024 combines the audited consolidated statement of financial
position of The Generation Essentials Group as of December 31, 2024 with the audited historical balance sheet of Black Spade II
as of December 31, 2024, as if the Transactions had been completed on December 31, 2024.

The following unaudited pro
forma condensed combined statement of profit or loss and other comprehensive income for the year ended December 31, 2024 combines
the audited statement of profit or loss and other comprehensive income of The Generation Essentials Group for the year ended December 31,
2024 with the audited statements of operations of Black Spade II for the period from May 9, 2024 (inception) to December 31,
2024, as if the Transactions, the TGE Reorganization and Black Spade II’s IPO had been completed on January 1, 2024.

The historical financial information
of Black Spade II was derived from its audited financial statements for period from May 9, 2024 (inception) to December 31,
2024, included elsewhere in this prospectus. The historical financial information of The Generation Essentials Group was derived from
its audited consolidated financial statements for the year ended December 31, 2024, included elsewhere in this prospectus. The unaudited
pro forma condensed combined financial information and the accompanying notes should be read together with The Generation Essentials Group’s
and Black Spade II’s financial statements and related notes, the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operation,” and other financial information included elsewhere in this
prospectus.

The pro forma adjustments
related to the Transactions, which we refer to as the “Transactions Adjustments,”