Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 361

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 361
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 on June 30, 2024. (d)Represents pro forma adjustment to amount due to ultimate holding company to reflect the waiver of the obligation by the ultimate holding company and capitalise to the equity of aWME as if aWME Reorganization occurred on June 30, 2024 (e)Represents the re -allocationbetween the owners of the Company and non -controllinginterests. Historically, aWME prepared its combined financial statements to capture the businesses of aWME, which have operated under the common controlling interests of AMTD Group Inc. As such, certain equity has been allocated to the non -controllinginterests of AMTD IDEA Group and AMTD Digital Inc, the intermediate holding company and immediate holding company of aWME. With the assumption that aWME Reorganization occurred on June 30, 2024, the equity historically allocated to the non -controllinginterests of AMTD IDEA Group and AMTD Digital Inc will not be incurred after that date and accordingly allocate to owners of the Company. Completion of Initial Public Offering Black Spade II completed its initial public offering in August 2024. The impacts from the completion of initial public offering have been included in the unaudited pro forma condensed combined statements of financial position as of June 30, 2024 as follows: (f)Represents the pro forma adjustment on cash held in Trust account with US$153.0 million of the net proceeds from the Initial Public Offering by Black Spade II and the sale of the Private Placement Warrants were placed in the Trust Account. (g)Represented the pro forma adjustment on the sale of 11,120,000 Private Placement Warrants at the price of US$0.50 per Private Placement Warrant to the Sponsor. (h)Represented the pro forma adjustment on total transaction costs of US$7.396 million with cash underwriting fee and other offering costs of US$3.139 million and deferred underwriting fee with US$4.257 million. The deferred fee will be payable to the underwriters from the amounts held in the Trust Account solely in the event that Black Spade II completes a business combination. 235

The Transactions The impacts from The Transactions have been included in the unaudited pro forma condensed combined statements of profit or loss and other comprehensive income for the year ended December 31, 2023 and six months ended June 30, 2024 as follows: (ee)Represents the transaction costs of