Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 11

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 11
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 and breadth of our products and services; |

| ● | The loss of key personnel and the inability to replace such personnel on a timely basis or on acceptable 
 terms;                                                                                                   |

| ● | Failure to realize the anticipated benefits of the Business Combination; |

| ● | Man-made or natural disasters, health epidemics, and other outbreaks including war, acts of international                             
 or domestic terrorism, civil disturbances, occurrences of catastrophic events and acts of God such as floods, earthquakes, wildfires, 
 typhoons and other adverse weather and natural conditions that affect our business or assets;                                         |

| ● | Exchange rate fluctuations; |

| ● | Changes in interest rates or rates of inflation; |

| ● | Legal, regulatory and other proceedings; |

| ● | Our ability to maintain the listing of our securities on applicable stock exchanges; |

| ● | The results of future financing efforts; and |

| ● | All other risks and uncertainties described in “Risk Factors” and “Management’s 
 Discussion and Analysis of Financial Condition and Results of Operation.”       |

We would like to caution you
not to place undue reliance on these forward-looking statements and you should read these statements in conjunction with the risk factors
disclosed in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operation”
of this prospectus. Those risks are not exhaustive. We operate in a rapidly evolving environment. New risks emerge from time to time and
it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent
to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statement.
We do not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.

<div align='center'>iv

FREQUENTLY
USED TERMS</div>

Unless otherwise stated or
unless the context otherwise requires in this document:

“Adjustment Factor”
means the number resulting from dividing the Per Share TGE Equity Value by $10.00;

“Amended Articles”
means the fourth amended and restated memorandum and articles of association of The Generation Essentials Group;

“AMTD Digital”
means AMTD Digital Inc., a Cayman Islands exempted company;

“Assignment, Assumption
and Amendment Agreement” means the assignment, assumption and amendment agreement, dated June 3, 2025, by and among The Generation
Essentials Group, Black Spade II and Continental Stock Transfer & Trust