Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 19

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 19
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 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,                                                                     |

(such actions, collectively, the “Recapitalization”). At the Merger Effective Time and as a result of the Merger:

| ● | Each                                                                                       
 BSII Class B Ordinary Shares that was issued and outstanding immediately prior to the      
 Merger Effective Time was automatically cancelled in exchange for the right to receive one 
 Class A Ordinary Share;                                                                    |

| ● | Each                                                                                        
 BSII Class A Ordinary Share that was issued and outstanding immediately prior to the        
 Merger Effective Time (other than such BSII Class A Ordinary Shares that were treasury      
 shares, validly redeemed shares or BSII Dissenting Shares was cancelled in exchange for the 
 right to receive one Class A Ordinary Share);                                               |

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| ● | Each                                                                                   
 BSII Class A Ordinary Share that was held as a treasury share was cancelled and ceased 
 to exist;                                                                              |

| ● | Each                                                                                       
 issued and outstanding BSII Class A Ordinary Share that was validly redeemed was cancelled 
 in exchange for the right to be paid a pro rata share of the aggregate amount payable with 
 respect to the exercise of the redemption rights of Black Spade II Shareholders;           |

| ● | Each                                                                                           
 issued and outstanding