Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 7

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 7
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 and financial statements with the U.S. Securities and Exchange Commission as frequently or as promptly as U.S. companies whose securities are registered under the Exchange Act. Upon completion of the Business Combination, AMTD Digital, AMTD IDEA Group, AMTD Group Inc. and each of their affiliates (together, the “AMTD Entities”) will hold 18,470,375 TGE Class A Ordinary Shares, 19,285,911 TGE Class B Ordinary Shares and 6,343,056 TGE Preferred Shares. Under the “no redemptions” scenario, the 25%, 50% and 75% redemption scenarios and the maximum redemption scenario, the AMTD Entities would hold (and AMTD Group Inc. will beneficially own) 64.9%, 68.8%, 73.2%, 78.1% and 83.0% of TGE Shares, respectively, representing 94.4%, 95.3%, 96.2%, 97.0% and 97.8% of the total voting power of the outstanding TGE Shares (without taking into account the dilutive impact of additional dilution described above and elsewhere in this proxy statement/prospectus). As a result, For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information”and “Beneficial Ownership of Securities — The Generation Essentials Group.” The Generation Essentials Group is expected to be a “controlled company” within the meaning of the rules of and may elect not to comply with certain corporate governance standards. For so long as The Generation Essentials Group remains a controlled company under that definition, it is permitted to elect to rely, and may rely, on certain exemptions from corporate governance rules, including (i) an exemption from the rule that a majority of its board of directors must be independent directors; (ii) an exemption from the rule that director nominees must be selected or recommended solely by independent directors; (iii) an exemption from the rule that the compensation committee must be comprised solely of independent directors and (iv) an exemption from the requirement that an audit committee be comprised of at least three members under applicable stock exchange rules. The Generation Essentials Group is not an operating company but a holding company incorporated in the Cayman Islands as an exempted company. The Generation Essentials Group conducts its operations through its subsidiaries. The securities registered herein are securities of The Generation Essentials Group, not those of its operating subsidiaries. Therefore, investors in The Generation Essentials Group are not acquiring equity interest