Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 247

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 247
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, where Mr. Tam and Dr. Choi delved into a more detailed discussion regarding the history and business performance of TGE’s core business. Dr. Choi shared with Mr. Tam informational materials about the TGE Group. On September 19, 2024, Black Spade II and an affiliate of TGE entered into a confidentiality agreement that outlined the terms for sharing confidential information. On September 20, 2024, Mr. Tam and Dr. Choi visited the L’Officiel New York office, where Mr. Tam was introduced to Dr. Feridun Hamdullahpur and Mr. Samuel Chau of the TGE Group, Mr. Giampietro Baudo and Mr. Anthony Cenname of L’Officiel, and Mr. Nick Sargent, Mr. Benjamin Sutton of The Art Newspaper and Mr. Xavier Zee and Mr. Samuel Chau of the AMTD Group Inc. The TGE team conducted a management presentation, which introduced the history, business model, strategy, core capabilities and other key attributes of The Art Newspaper and L’Officiel, as well as their strategic positions in the TGE Group. TGE also shared additional details about the background, business performance, and development plans of the TGE Group, including that it had once considered a traditional initial public offering in the U.S., which did not proceed in the end for various market and commercial reasons, 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