Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 365

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 365
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 pro forma condensed combined statement of financial position as of December 31, 2024 are as follows: (a)Reflects the reclassification/alignment of Black Spade II’s ordinary shares subject to redemption from equity to financial liabilities to align with the statement of financial position presentation of TGE. (b)Reflects the reclassification of Black Spade II’s private warrant and public warrant from equity to financial liabilities to align with the statement of financial position presentation of TGE. 3. Adjustments to Unaudited Pro Forma Condensed Combined Financial Information The unaudited pro forma condensed combined financial information has been prepared to illustrate the effect of the Transactions and has been prepared for informational purposes only. The adjustments presented on the unaudited pro forma combined financial statements have been identified and presented to provide relevant information necessary for an accurate understanding of the Company upon consummation of the Transactions. Black Spade II and TGE have not had any historical relationship prior to the Transactions. Accordingly, no pro forma adjustments were required to eliminate activities between the companies. The unaudited pro forma combined provision for income taxes does not necessarily reflect the amounts that would have resulted had the Post -BusinessCombination company filed consolidated income tax returns during the period presented. The unaudited pro forma basic and diluted earnings per share amounts presented in the unaudited pro forma condensed combined statements of profit or loss and other comprehensive income are based upon the number of TGE’s shares outstanding, assuming the Transactions occurred on January 1, 2024. 235

The Transactions The impacts from The Transactions have been included in the unaudited pro forma condensed combined statements of profit or loss and other comprehensive income for the year ended December 31, 2024 as follows: (aa)Reflects the exclusion of income earned on investments held in Trust Account which will not be incurred after the Transactions under the three scenarios. (bb) Represents the transaction costs of The Transactions charged to profit or loss. (cc)Represents US$35.9million, US$37.1million and US$39.2million of expense recognized assuming no redemptions, 50% of the Maximum Redemption and Maximum Redemption, respectively, in accordance with IFRS2, for the difference between the fair value of equity instruments issued of US$191.2million, US$114.8million and US$43.2million, respectively, and the fair value of Black Spade II’s identifiable assets of US$155.3million, US$