Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 78

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 78
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25% redemptions scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 17.9% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately 6.0% of TGE Ordinary Shares and TGE Shareholders will retain an aggregate of approximately 76.1% of TGE’s Ordinary Shares. The AMTD Entities would collectively hold 95.3% of voting interests in TGE’s Ordinary Shares. Under the 50% redemption scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 12.7% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately 6.3% of TGE Ordinary Shares and TGE Shareholders will retain an aggregate of approximately 81.0% of TGE’s Ordinary Shares. The AMTD Entities would collectively hold 96.2% of voting interests in TGE’s Ordinary Shares. 35

Under the 75% redemptions scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 6.8% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately 6.8% of TGE Ordinary Shares and TGE Shareholders will retain an aggregate of approximately 86.5% of TGE’s Ordinary Shares. The AMTD Entities would collectively hold 97.0% of voting interests in TGE’s Ordinary Shares. Under the maximum redemption scenario, upon completion of the Business Combination, Black Spade II Public Shareholders would own an ownership interest of approximately 0.9% of TGE’s Ordinary Shares, BSII Founder Shareholders, which consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees, would own approximately 7.2% of TGE Ordinary Shares and TGE Shareholders will retain an aggregate of approximately 91.9% of TGE’s Ordinary Shares. The AMTD Entities would collectively hold 97.8% of voting interests in