Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 1

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 1
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 Class A Ordinary Shares beneficially
owned by Radisson Everton Venture Fund (collectively, the “Legacy Shares”), which were originally acquired at a price of approximately
(after accounting for the Recapitalization Factor (as defined below)) US$15.70 and US$15.70 per share prior to the Closing Date, respectively;
(ii) 18,425,068 Class A Ordinary Shares beneficially owned by AMTD IDEA Group, 45,307 Class A Ordinary Shares beneficially owned by AMTD
Group Inc. and 19,285,911 Class A Ordinary Shares issuable upon the conversion of 19,285,911 Class B Ordinary Shares beneficially owned
by AMTD Digital Inc. (collectively, the “AMTD Shares”), which were originally acquired at a price of approximately (after
accounting for the Recapitalization Factor (as defined below)) US$7.98, US$7.50, and US$8.72 per share prior to the Closing Date, respectively;
(iii) 3,825,000 Class A Ordinary Shares (the “Sponsor Shares”) issued to the Sponsor, Black Spade II’s directors
and officers and certain of the Sponsor’s affiliates and employees on the Closing Date in exchange for the Class B ordinary shares
of Black Spade II, which were purchased by them at a price of approximately US$0.0065 per share; and (iv) 11,120,000 Class A Ordinary
Shares issuable upon the exercise of the Sponsor Warrants; and (B) 11,120,000 Sponsor Warrants.

These securities are being
registered pursuant to the requirements of the Warrant Agreement (as defined below) and to satisfy certain registration rights The Generation
Essentials Group has granted to permit the Selling Securityholders to sell securities from time to time, in amounts, at prices and on
terms determined at the time of offering.

Subject to the AMTD Lock-up
Obligations, AMTD Digital, AMTD IDEA Group, AMTD Group Inc. can sell all Ordinary Shares beneficially owned by them under this prospectus,
being 37,756,286 Class A Ordinary Shares (including (i) 18,470,375 Class A Ordinary Shares and (ii) 19,285,911 Class A Ordinary Shares
issuable upon the conversion of 19,285,911 Class B Ordinary Shares beneficially owned by AMTD Digital Inc.), and constituting approximately
58.4% of our issued and