Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 90

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 90
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 and that TGE was undergoing a group restructuring process aimed at consolidating and better organizing its various business segments and assets. After the management presentation, the principals exchanged ideas about preliminary commercial terms of a potential business combination between Black Spade II and TGE and discussed potential business synergies between the two parties in the future. Between September 20, 2024 and September 27, 2024, Black Spade II management engaged in internal discussions and exchanged opinions on the key commercial terms to be proposed to TGE. On September 27, 2024, Black Spade II sent TGE an initial draft of the letter of intent (“LOI”), setting out the proposed key terms of the business combination, along with an initial diligence request list customary for a transaction of this nature. Between September 27, 2024 to October 2, 2024, TGE provided Black Spade II with its draft key financial statements for the years ended December 31, 2021 to 2023 and six months ended June 30, 2024 and the draft Form F -1that had been prepared for the previously contemplated initial public offering. Black Spade II and TGE also engaged their respective legal counsels, Latham & Watkins LLP (“Latham & Watkins”) and Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”), in the email correspondence and shared with them the draft LOI prepared by Black Spade II. On October 2, 2024, The management of Black Spade II conducted a virtual meeting with the management of TGE. Mr. Tam, Mr. Ng and Mr. Taylor as representatives of Black Spade II and Dr. Choi, Dr. Hamdullahpur, Mr. Chau and Mr. Zee as representatives of TGE and the AMTD Group Inc. attended the virtual meeting. During the meeting, TGE presented its business segments, project pipeline, market expansion plans and strategies to Black Spade II in order to provide a better understanding of the group, and addressed questions from the Black Spade II 42 management team and its advisors. TGE also confirmed that the group restructuring was in progress and anticipated to be completed within weeks, while its audited financials were being prepared by a PCAOB -registeredaccounting firm and would be available shortly. Between October 2, 2024 and October 20, 2024, the parties and their counsel reviewed and discussed the draft LOI in the subsequent weeks over several