Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 113

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 113
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 business combination targets, including through the potential use of dual-class share and voting
structures or other bespoke governance arrangements. Such arrangements would enable us to direct the strategic development of acquired
businesses and realise synergies across our wider group. Even where we hold a minority interest and do not exercise control, we may retain
certain influence through board representation, contractual rights or other governance arrangements. This influence can facilitate collaboration
and strategic alignment between the acquired target and our existing portfolio, enabling us to realise commercial opportunities and synergies
across our broader ecosystem.

Overall, the SPAC initiative
is intended to enrich our future growth prospects, maximise value creation for shareholders, and ensure alignment with our long-term
strategic objectives.

On August 19, 2025, we
announced that TGE Value Creative Solutions Corp, a SPAC sponsored by us, had publicly filed a registration statement on Form S-1 with
the SEC in connection with a proposed initial public offering of units. TGE Value Creative Solutions Corp intends to list its units,
each comprising one class A ordinary share and one-half of one redeemable warrant, on The Nasdaq Stock Market LLC. The registration statement
has not yet become effective.

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Proposed Cryptocurrency Conversion Programme

In August 2025, we, along
with AMTD IDEA Group and AMTD Digital Inc., jointly announced our plan to initiate of a cryptocurrency conversion programme (the “AMTD
Cryptocurrency Conversion Programme”). Under this programme, each of the listed companies may offer to exchange newly issued ordinary
shares (including in the form of American depositary shares) for certain cryptocurrencies, including but not limited to Bitcoin (BTC),
Ethereum (ETH), Tether (USDT), BNB (BNB), and USD Coin (USDC). It is intended that such exchanges will be conducted with interested cryptocurrency
holders at mutually agreed pricing, determined by prevailing market valuations and subject to all applicable laws and regulations.

The AMTD Cryptocurrency
Conversion Programme may be implemented across any of the participating companies, allowing for a combination of securities rather than
a single allocation. The initiative is intended to provide cryptocurrency holders with enhanced opportunities for diversification and
asset allocation, by bridging the crypto asset ecosystem with the traditional capital markets, specifically through the listing of securities
on the New York Stock Exchange.

The AMTD Cryptocurrency
Conversion Programme is at a preliminary stage, and no specific commitments have been made. Any future acquisitions of crypto assets