Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 207

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 207
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 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 TGE Class B Ordinary Share will be convertible into one TGE Class A Ordinary Share, whereas TGE Class A Ordinary Shares will not be convertible into TGE Class B Ordinary Shares under any circumstances. Upon any transfer of TGE Class B Ordinary Shares by a holder thereof to any person or entity which is not an affiliate of such holder, such TGE Class B Ordinary Shares will automatically and immediately be converted into the equal number of TGE Class A Ordinary Shares. AssumingNo Redemptions Scenario, it is anticipated that, immediately after the consummation of the Business Combination, AMTD Digital Inc. will hold 37.7% of the total outstanding TGE Ordinary Shares and 90.1% of TGE’s total voting power. After the consummation of the Business Combination, AMTD Digital Inc. (and therefore the Controlling Shareholder) will continue to have considerable influence over matters requiring shareholder approval, over matters such as electing directors and approving material mergers, acquisitions or other business combination transactions. This concentrated control will limit your ability to influence corporate matters and could also discourage others from pursuing any potential merger, takeover, or other change of control transaction, which could have the effect of depriving the holders of TGE Class A Ordinary Shares of the opportunity to sell their shares at a premium over the prevailing market price. Our dual-class voting structure may render TGE Class A Ordinary Shares and TGE Warrants ineligible for inclusion in certain stock market indices, and thus adversely affect the trading price and liquidity of such securities. Certain index providers have announced restrictions on including companies with multi -classshare structures in certain of their indices. For example, S&P Dow Jones and FTSE Russell have changed their eligibility criteria for inclusion of shares of public companies on certain indices, including the S&P 500, to exclude companies with multiple classes of shares and companies whose public shareholders hold no more than 5% of total voting power from being added to such indices. As a result, our dual -classvoting structure may prevent the inclusion of TGE Class A Ordinary Shares and TGE Warrants in such indices, which could adversely affect the trading price and liquidity of such securities. If TGE Class A Ordinary Shares or the TGE Warrants are not eligible for deposit and clearing within the facilities of the Depository Trust Company, then transactions in the TGE Class A Ordinary Shares