Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 19

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 19
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 were in the range of approximately US$9 million to US$10 million as of March 31, 2025 as compared with US$20.0 million as of December 31, 2024, primarily as a result of certain payments to our Controlling Shareholder and payment of regular expenses. Our unaudited selected consolidated financial data set forth above is preliminary in nature. Our independent registered public accounting firm, Assentsure, has not audited, reviewed, compiled or performed any procedures, and does not express an opinion or any other form of assurance with respect to any of such data. Our preliminary and unaudited selected consolidated financial data as of and for the three months ended March 31, 2025 may not be indicative of our financial results for future interim periods or for the full year ended December 31, 2025. See “Management’s Discussion and Analysis of Financial Condition and Results of Operation” and “Risk Factors” included elsewhere in this prospectus for information regarding trends and other factors that may influence our results of operations and for recent quarterly operating results. The Business Combination and Related Transactions On June 4, 2025, The Generation Essentials Group consummated the previously announced business combination with Black Spade II, pursuant to the Business Combination Agreement. On the Closing Date and immediately prior to the Merger Effective Time, the Amended Articles took effect and The Generation Essentials Group re-designated:

| ● | Each ordinary share of The Generation Essentials Group (other than non-voting ordinary shares) that is 
 not held by AMTD Digital into one Class A Ordinary Share;                                              |

| ● | Each ordinary share of The Generation Essentials Group (other than non-voting ordinary shares) that is 
 held by AMTD Digital into one Class B Ordinary Share; and                                              |

| ● | Each non-voting ordinary share of The Generation Essentials Group into one Preferred Share. |

Pursuant to the Business Combination Agreement, immediately after the completion of the re-designation of shares and immediately prior to the Merger Effective Time, The Generation Essentials Group effected a share consolidation or subdivision such that:

| ● | Each Class A Ordinary Share will be consolidated or divided into a number of Class A Ordinary 
 Shares equal to the Adjustment Factor;                                                        |

| ● | Each Class B Ordinary Share will be consolidated or divided into a number of Class B Ordinary 
 Shares equal to the Adjustment Factor; and                                                    |

| ● | Each Preferred Share will be consolidated or divided into a number of Preferred Shares equal to the Adjustment 
 Factor