Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 215

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 215
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.Under
the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s certificate
of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on
a board of directors since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single
director, which increases the shareholder’s voting power with respect to electing such director. There are no prohibitions in relation
to cumulative voting under the laws of the Cayman Islands but the Amended Articles do not provide for cumulative voting. As a result,
our shareholders are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

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Removal of Directors.Under
the Delaware General Corporation Law, a director of a corporation with a classified board may be removed only for cause with the approval
of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Under the Amended
Articles, subject to certain restrictions as contained therein, directors may be removed with or without cause, by an ordinary resolution
of our shareholders. An appointment of a director may be on terms that the director shall automatically retire from office (unless he
has sooner vacated office) at the next or a subsequent annual general meeting or upon any specified event or after any specified period
in a written agreement between the company and the director, if any; but no such term shall be implied in the absence of express provision.
Under the Amended Articles, a director’s office shall be vacated if the director (i) becomes bankrupt or makes any arrangement
or composition with his creditors; (ii) is found to be or becomes of unsound mind or dies; (iii) resigns his office by notice
in writing to the company; (iv) without special leave of absence from our board of directors, is absent from three consecutive meetings
of the board and the board resolves that his office be vacated; (v) is removed from office pursuant to other provisions of the Amended
Articles.

Transactions with Interested Shareholders.The Delaware General Corporation Law contains a business combination statute applicable to Delaware corporations
whereby, unless the corporation has specifically elected not to be governed by such statute by amendment to its certificate of incorporation,
it is prohibited from engaging in certain business combinations with an “interested shareholder” for three years following
the date that such person becomes an interested shareholder. An interested shareholder generally is a person or a group who or