Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 259

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 259
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 Support from the AMTD Entities. TGEhas a strong competitive advantage due to its relationship with the AMTD Entities, A conglomerate with a core portfolio in digital solutions, media and culture, education and training, and high -qualityassets, which provides the company with financial and strategic support and access to a range of synergies, relationships, and support. • Readiness to List.As a subsidiary of publicly listed companies, TGE is well -positionedto transition into a publicly listed entity. • Shareholder Liquidity. The Business Combination Agreement stipulates that ordinary shares of TGE issued as consideration must be listed on a major U.S. stock exchange, which the Black Spade II Board believes has the potential to offer shareholders greater liquidity. • Experienced Leadership Team with a Proven Track Record. TGE, L’Officiel magazine and The Art Newspaper are led by an experienced management team with deep experience in fashion, art and media across different geographies. • Due Diligence.The due diligence examinations of Black Spade II’s management and financial and legal advisors and discussions with TGE’s management and financial and legal advisors; • Other Alternatives.The Black Spade II Board believes, after a thorough review of other business combination opportunities reasonably available to Black Spade II, that the Business Combination, in part taking into account the readiness of TGE to become a listed company, represents the best potential 153 business combination for Black Spade II and the most attractive opportunity for Black Spade II’s management to accelerate its business plan based upon the process utilized to evaluate and assess other potential combination targets, and the Black Spade II Board’s belief that such process has not presented a better alternative; and • Negotiated Transaction.The financial and other terms of the Business Combination Agreement and the fact that such terms and conditions are reasonable and were the product of arm’s -lengthnegotiations between Black Spade II and TGE. The Black Spade II Board also considered a variety of uncertainties and risks and other potentially negative factors concerning the Proposed Transactions, including, but not limited to, the following: • Business Risks.The Black Spade II Board considered that there were risks associated with the successful implementation of TGE’s business plans and uncertainties regarding whether TGE would be able to realize the anticipated benefits of the Business Combination on the expected timeline or at all, including due to factors outside the parties’ control. The Black Spade II Board considered the failure of any of these activities to be completed successfully may decrease the actual benefits of the Business Combination and that