Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 169

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 169
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 ● | selecting and recommending to the board nominees for election by the shareholders or appointment by the 
 board;                                                                                                  |

| ● | reviewing annually with the board the current composition of the board with regards to characteristics 
 such as independence, knowledge, skills, experience and diversity;                                     |

| ● | making recommendations on the frequency and structure of board meetings and monitoring the functioning 
 of the committees of the board; and                                                                    |

| ● | advising the board periodically with regards to significant developments in the law and practice of corporate                              
 governance as well as compliance with applicable laws and regulations, and making recommendations to the board on all matters of corporate 
 governance and on any remedial action to be taken.                                                                                         |

Duties of Directors

Under Cayman Islands law,
directors owe fiduciary duties to the company, including a duty of loyalty, a duty to act honestly, and a duty to act in what they consider
in good faith to be in the company’s best interests. Directors must also exercise their powers only for a proper purpose, exercise
their powers fairly as between different sections of shareholders and exercise independent judgement. Directors should not improperly
fetter the exercise of future discretion nor put themselves in a position in which there is a conflict between their duty to the company
and their personal interests. Directors also have a duty to act with skill and care. It was previously considered that a director need
not exhibit in the performance of his or her duties a greater degree of skill than may reasonably be expected from a person of his or
her knowledge and experience. However, English and Commonwealth courts have moved towards an objective standard with regard to the required
skill and care and these authorities are likely to be followed in the Cayman Islands. In fulfilling their duty of care to The Generation
Essentials Group, directors of The Generation Essentials Group must ensure compliance with The Generation Essentials Group memorandum
and articles of association, as amended and restated from time to time, and the class rights vested thereunder in the holders of the shares.
The Generation Essentials Group has the right to seek damages if a duty owed by its directors is breached. A shareholder may in certain
circumstances have rights to seek damages in the name of the company if a duty owed by its directors is breached.

Appointment and Removal
of Directors

The Amended Articles provide
that all directors may be appointed by ordinary resolution and removed by ordinary resolution. The Amended Articles also provide that
the directors may, by the affirmative vote of a simple majority of the remaining directors