Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 247

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 247
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 representatives of Black Spade II and Dr. Choi, Dr. Hamdullahpur, Mr. Chau and Mr. Zee as representatives of aWME and the AMTD Group Inc. attended the virtual meeting. During the meeting, aWME presented its business segments, project pipeline, market expansion plans and strategies to Black Spade II in order to provide a better understanding of the group, and addressed questions from the Black Spade II management team. aWME also confirmed that the group restructuring was in progress and anticipated to be completed within weeks, while its audited financials were being prepared by a PCAOB -registeredaccounting firm and would be available shortly. Between October 2, 2024 and October 20, 2024, the parties and their counsel reviewed and discussed the draft LOI in the subsequent weeks over several meetings and calls. During this period, each of the Black Spade II management team and the aWME management team separately held several meetings and calls, both internally and with counsel, to discuss various aspects of the potential business combination, including but not limited to the terms of the LOI, the transaction structure and timeline. On October 21 and22, 2024, an in -personmeeting was held in Singapore. Participants in the meeting included Mr. Tam, Mr. Ng and Mr. Taylor as representatives of Black Spade II, Dr. Choi, Dr. Hamdullahpur, Mr. Chau, Mr. Baudo, Mr. Sargent and Mr. Zee as representatives of aWME and the AMTD Group Inc., Latham & Watkins, Skadden and Clifford Chance (IP counsel to aWME). aWME made presentations on all major aspects of aWME’s assets and businesses, and answered questions from Black Spade II. Black Spade II explained its business combination selection criteria and answered questions from aWME regarding Black Spade II’s capitalization and related matters. The parties agreed to finalize the LOI as soon as practicable, and instructed counsel to start the preparation of the definitive transaction documents. aWME agreed to continue facilitating the efforts made by Black Spade II to carry out detailed due diligence on aWME. On November 4, 2024, the parties finalized and entered into the LOI. The LOI contained a non -bindingterm sheet that set forth the key terms of the proposed business combination that reflected the parties’ negotiations, including among other things (i) the structure of the business combination