Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 112

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 112
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 where Public Shareholders exercise rights to redeem 7,650,000 Public Shares, which represents the medium level of redemptions. •Assuming Maximum Redemptions: This presentation assumes a scenario where Public Shareholders exercise rights to redeem 14,809,714 BSII Public Shares, which represents the maximum level of redemptions that could occur without a failure to satisfy the condition set forth in the Business Combination Agreement that aWME (as the surviving company of the merger) has net tangible assets of at least $5,000,001 upon consummation of the Business Combination that could occur without a failure to satisfy the condition to the obligation to consummate the Business Combination, that Black Spade II has net tangible assets of at least $5,000,001 upon the consummation of Business Combination 63

Under the three scenarios of no redemptions, 50% of the maximum redemptions and maximum redemptions, the Business Combination will be accounted for as a recapitalization, with no goodwill or other intangible assets recorded, in accordance with IFRS. Consideration The following represents the aggregate merger consideration under the no redemptions, 50% of the maximum redemptions and maximum redemptions scenarios, assuming no aWME warrants issued to BSII warrant holders in accordance with the Business Combination Agreement have been exercised:

|                             |     | Assuming      
 No Redemption |         |     |             |     | Assuming 50% of the 
 Maximum Redemptions |         |     |             |     | Assuming            
 Maximum Redemptions |        |     |             |
|                             |     | Purchase      
 price         |         |     | Share issue |     | Purchase            
 price               |         |     | Share issue |     | Purchase            
 price               |        |     | Share issue |
|                             |     | US$           |    ’000 |     |             |     | US$                 |    ’000 |     |             |     | US$                 |   ’000 |     |             |
| Share Consideration to BSII |     |               | 191,250 |     |  19,125,000 |     |                     | 114,750 |     |  11,475,000 |     |                     | 43,153 |     |   4,315,286 |

The value of ordinary shares is reflected at $10 per share, assuming the consummation of the expected Recapitalization. Ownership The following