Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 246

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 246
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 Chau of the aWME Group, Mr. Giampietro Baudo and Mr. Anthony Cenname of L’Officiel, and Mr. Nick Sargent, Mr. Benjamin Sutton of The Art Newspaper and Mr. Xavier Zee and Mr. Samuel Chau of the AMTD Group Inc. The aWME team conducted a management presentation, which introduced the history, business model, strategy, core capabilities and other key attributes of The Art Newspaper and L’Officiel, as well as their strategic positions in the aWME Group. aWME also shared additional details about the background, business performance, and development plans of the aWME Group, including that it had once considered a traditional initial public offering in the U.S., which did not proceed in the end for various market and commercial reasons, and that aWME was undergoing a group restructuring process aimed at consolidating and better organizing its various business segments and assets. After the management presentation, the principals exchanged ideas about preliminary commercial terms of a potential business combination between Black Spade II and aWME and discussed potential business synergies between the two parties in the future. Between September 20, 2024 and September 27, 2024, Black Spade II management engaged in internal discussions and exchanged opinions on the key commercial terms to be proposed to aWME. On September 27, 2024, Black Spade II sent aWME an initial draft of the letter of intent (“LOI”), setting out the proposed key terms of the business combination, along with an initial diligence request list customary for a transaction of this nature. Between September 27, 2024 to October 2, 2024, aWME provided Black Spade II with its draft key financial statements for the years ended December 31, 2021 to 2023 and six months ended June 30, 2024 and the draft Form F -1that had been prepared for the previously contemplated initial public offering. Black Spade II and aWME also engaged their respective legal counsel, Latham & Watkins LLP (“Latham & Watkins”) and Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”), in the email correspondence and shared with them the draft LOI prepared by Black Spade II. 148 On October 2, 2024, The management of Black Spade II conducted a virtual meeting with the management of aWME. Mr. Tam, Mr. Ng and Mr. Taylor as