Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 106

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 106
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 more than US$1.00 billion in non -convertibledebt securities during the prior three -yearperiod. References herein to “emerging growth company” have the meaning associated with it in the JOBS Act. Foreign Private Issuer The Generation Essentials Group is a foreign private issuer within the meaning of the rules under the Exchange Act and, as such, The Generation Essentials Group is permitted to follow the corporate governance practices of its home country, the Cayman Islands, in lieu of the corporate governance standards of applicable to U.S. domestic companies. For example, The Generation Essentials Group is not required to have a majority of the board consisting of independent directors nor have a compensation committee or a nominating and corporate governance committee consisting entirely of independent directors. As a result, The Generation Essentials Group shareholders may not have the same protection afforded to shareholders of U.S. domestic companies that are subject to corporate governance requirements. As a foreign private issuer, The Generation Essentials Group is also subject to reduced disclosure requirements and are exempt from certain provisions of the U.S. securities rules and regulations applicable to U.S. domestic issuers such as the rules regulating solicitation of proxies and certain insider reporting and short -swingprofit rules. 53 Controlled Company By virtue of being a controlled company under listing rules, The Generation Essentials Group may elect not to comply with certain corporate governance requirements, including that: •a majority of board of directors must be independent directors; •the compensation and nominating committees composed solely of independent directors; •the compensation of executive officers determined by a majority of the independent directors or a compensation committee composed solely of independent directors; and •director nominees selected or recommended to the board of directors for selection, either by a majority of the independent directors, or a nominating committee composed solely of independent directors. The Generation Essentials Group intends to rely on the exemption from the requirement that a majority of its board of directors must be independent directors available to a “controlled company.” As a result, its shareholders will not have the same protections afforded to shareholders of companies that are subject to all of corporate governance requirements. U.S. Federal Income Tax Considerations for Holders of BSII Class A Ordinary Share Exercising Redemption Rights A U.S. Holder (as defined in the section titled “ Tax Considerations — U.S. Federal Income Tax Considerations” below) of BSII Class A Ordinary Shares that exercises its redemption rights may be treated as selling BSII Class A Ordinary Shares, resulting in the recognition of gain or loss. However, there are certain circumstances in which the