Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 197

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 197
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 Class A Ordinary Shares, Class B Ordinary Shares or Preferred
Shares by an instrument of transfer in the usual or common form or any other form approved by the board of directors.

Class B Ordinary Shares
may be transferred only to Dr. Calvin Choi and any other person designated by Dr. Calvin Choi and any Class B Ordinary
Shares transferred otherwise will be converted into Class A Ordinary Shares as described above. See “— Optional
and Mandatory Conversion.”

The board of directors may
decline to register any transfer of any share unless:

| ● | the                                                                                          
 instrument of transfer is lodged with The Generation Essentials Group accompanied by the     
 certificate for the shares to which it relates (if any) and such other evidence as the board 
 of directors of The Generation Essentials Group may reasonably require to show the right     
 of the transferor to make the transfer;                                                      |

| ● | the                                                                         
 instrument of transfer is in respect of only one class or series of shares; |

| ● | the                                                      
 instrument of transfer is properly stamped, if required; |

| ● | in                                                                                        
 the case of a transfer to joint holders, the number of joint holders to whom the share is 
 to be transferred does not exceed four; or                                                |

| ● | a                                                                                          
 fee of such maximum sum as the applicable stock exchange may determine to be payable, or   
 such lesser sum as the board of directors of The Generation Essentials Group may from time 
 to time require, is paid to The Generation Essentials Group in respect thereof.            |

If the board of directors
refuses to register a transfer they shall, within three calendar months after the date on which the instrument of transfer was lodged,
send to each of the transferor and the transferee notice of such refusal.

Liquidation

The Class A Ordinary
Shares and Class B Ordinary Shares will rank equally upon occurrence of any liquidation or winding up of The Generation Essentials
Group, in the event of which assets of The Generation Essentials Group will be distributed to, or the losses will be borne by, shareholders
in proportion to the par value of the shares held by them.

Holders of Preferred Shares
shall, in the event of a liquidation, winding-up or dissolution of The Generation Essentials Group, be entitled, prior and in preference
to holders of the Class A Ordinary Shares and Class B Ordinary Shares, to the distribution of the assets of The Generation
Essentials Group available for distribution in the amount of the Preferred Shares Liquidation Preference (as defined in the Amended Articles)
(ratably based