Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 83

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 83
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 rights. Each holder of Class A Ordinary
Shares will be entitled to one vote per share and each holder of Class B Ordinary Shares will be entitled to 20 votes per share on all
matters submitted to them for a vote. Class A Ordinary Shares and Class B Ordinary Shares will vote together as a single class on all
matters submitted to a vote of our shareholders, except as may otherwise be required by law. Each Class B Ordinary Share will be convertible
into one Class A Ordinary Share, whereas Class A Ordinary Shares will not be convertible into Class B Ordinary Shares under any circumstances.
Upon any transfer of Class B Ordinary Shares by a holder thereof to any person other than Dr. Calvin Choi or any other person
designated by Dr. Calvin Choi, each such Class B Ordinary Share will automatically and immediately convert into one Class A
Ordinary Share.

As of the date of this prospectus,
AMTD Digital holds all of the Class B Ordinary Shares, constituting 39.8% of the total outstanding Ordinary Shares and 93.0% of our total
voting power. AMTD Digital (and therefore Our Controlling Shareholder) has considerable influence over matters requiring shareholder approval,
over matters such as electing directors and approving material mergers, acquisitions or other business combination transactions. This
concentrated control will limit your ability to influence corporate matters and could also discourage others from pursuing any potential
merger, takeover, or other change of control transaction, which could have the effect of depriving the holders of Class A Ordinary Shares
of the opportunity to sell their shares at a premium over the prevailing market price.

Our dual-class voting
structure may render Class A Ordinary Shares and Warrants ineligible for inclusion in certain stock market indices, and thus adversely
affect the trading price and liquidity of such securities.

Certain index providers have
announced restrictions on including companies with multi-class share structures in certain of their indices. For example, S&P Dow
Jones and FTSE Russell have changed their eligibility criteria for inclusion of shares of public companies on certain indices, including
the S&P 500, to exclude companies with multiple classes of shares and companies whose public shareholders hold no more than 5% of
total voting power from being added to such indices. As a result, our dual-class voting structure may prevent the inclusion of Class A
Ordinary Shares and Warrants in such indices, which could adversely affect the trading price and liquidity of such securities.

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The Warrant Agreement