Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 85

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 85
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result, it is not expected that we will pay any cash dividends in the foreseeable future.

Our board of directors will
have discretion as to whether to distribute dividends. Even if the board of directors decides to declare and pay dividends, the timing,
amount and form of future dividends, if any, will depend on the future results of operations and cash flow, capital requirements and
surplus, the amount of distributions, if any, received by us from subsidiaries, our financial condition, contractual restrictions and
other factors deemed relevant by the board of directors. Accordingly, you may need to rely on sales of our securities after price appreciation,
which may never occur, as the only way to realize any future gains on your investment. There is no guarantee that our securities will
appreciate in value or that their market price will not decline.

Our dual-class
voting structure will limit your ability to influence corporate matters and could discourage others from pursuing any change of control
transactions that holders of Class A Ordinary Shares may consider beneficial.

We have a dual-class voting
structure such that our ordinary shares will consist of Class A Ordinary Shares and Class B ordinary shares. Holders of Class
A Ordinary Shares and Class B Ordinary Shares have the same rights other than voting and conversion rights. Each holder of Class A Ordinary
Shares will be entitled to one vote per share and each holder of Class B Ordinary Shares will be entitled to 20 votes per share on all
matters submitted to them for a vote. Class A Ordinary Shares and Class B Ordinary Shares will vote together as a single class on all
matters submitted to a vote of our shareholders, except as may otherwise be required by law. Each Class B Ordinary Share will be convertible
into one Class A Ordinary Share, whereas Class A Ordinary Shares will not be convertible into Class B Ordinary Shares under any circumstances.
Upon any transfer of Class B Ordinary Shares by a holder thereof to any person other than Dr. Calvin Choi or any other person
designated by Dr. Calvin Choi, each such Class B Ordinary Share will automatically and immediately convert into one Class A
Ordinary Share.

As of the date of this prospectus,
AMTD Digital holds all of the Class B Ordinary Shares, constituting 39.8% of the total outstanding Ordinary Shares and 93.0% of our total
voting power. AMTD Digital (and therefore Our Controlling Shareholder) has considerable influence over matters requiring shareholder
approval, over matters such as electing directors and approving material mergers, acquisitions