Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 419

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 419
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 of the corporation. Only if the dissolution is initiated by the board of directors may it be approved by a simple majority of the corporation’s outstanding shares. Delaware law allows a Delaware corporation to include in its certificate of incorporation a supermajority voting requirement in connection with dissolutions initiated by the board. Under Cayman Islands law, a company may be wound up by either an order of the courts of the Cayman Islands or by a special resolution of its members or, if the company is unable to pay its debts, by an ordinary resolution of its members. The court has authority to order winding up in a number of specified circumstances including where it is, in the opinion of the court, just and equitable to do so. Variation of Rights of Shares.Under the Delaware General Corporation Law, a corporation may vary the rights of a class of shares with the approval of a majority of the outstanding shares of such class, unless the certificate of incorporation provides otherwise. Under the Amended aWME Articles, if our share capital is divided into more than one class of shares, the rights attached to any such class may only be varied with the consent in writing of the holders of all of the issued shares of that class or series or the sanction of an ordinary resolution passed at a separate meeting of the holders of the shares of that class or series. Amendment of Governing Documents.Under the Delaware General Corporation Law, a corporation’s governing documents may be amended with the approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Under Cayman Islands law, the Amended aWME Articles may only be amended with a special resolution of our shareholders. Rights of Non -resident or Foreign Shareholders.There are no limitations imposed by the Amended aWME Articles on the rights of non -residentor foreign shareholders to hold or exercise voting rights on our shares. In addition, there are no provisions in our the Amended aWME Articles governing the ownership threshold above which shareholder ownership must be disclosed. 270

BENEFICIAL OWNERSHIP OF SECURITIES Black Spade II The following table sets forth information with respect to the beneficial ownership of BSII Shares as of the date of this proxy statement/prospectus: •each of Black Spade II’s directors and executive officers; •all of Black Spade II’s directors and executive officers as a group; and •each person known by Black Spade II to be the beneficial owner of more than five percent of its ordinary shares. The percentage calculations in the table below