Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006765
Chunk: 5

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 5
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 of which shall be deemed
an original and all of which together shall constitute one and the same instrument.

GOVERNING LAW

23. This Plan of Merger shall be governed by and
construed in accordance with the laws of the Cayman Islands.

<div align='center'>[Signature pages follow.]

5</div>

IN WITNESS whereof this Plan of Merger has been entered into by the parties on the day and year first above written.

| SIGNED for and on behalf of WME Merger Sub Limited | ) |                           |          |
|                                                    | ) |                           |          |
|                                                    | ) | Duly Authorised Signatory |          |
|                                                    | ) |                           |          |
|                                                    | ) | Name:                     |          |
|                                                    | ) |                           |          |
|                                                    | ) | Title:                    | Director |

| SIGNED for and on behalf of BLACK SPADE ACQUISITION II CO | ) |                           |          |
|                                                           | ) |                           |          |
|                                                           | ) | Duly Authorised Signatory |          |
|                                                           | ) |                           |          |
|                                                           | ) | Name:                     |          |
|                                                           | ) |                           |          |
|                                                           | ) | Title:                    | Director |

| SIGNED for and on behalf of WORLD MEDIA AND ENTERTAINMENT 
 UNIVERSAL INC.                                            | ) 
 ) |                           |
|                                                           | ) | Duly Authorised Signatory |
|                                                           | ) |                           |
|                                                           | ) | Name:                     |
|                                                           | ) |                           |
|                                                           | ) | Title:                    |

<div align='center'>Appendix I</div>

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the proposed transaction between Black Spade II and WME, including statements regarding the benefits of the transaction, the anticipated benefits of the transaction, Black Spade Acquisition II Co (“Black Spade II)’s or World Media and Entertainment Universal Inc. (“WME”)’s expectations concerning the outlook for WME’s business, productivity, plans and goals for product launches, deliveries and future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations. These forward-looking statements generally are identified by the words “believe,” “project,”