Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 337

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 337
---
         |       — |     |         |  70,054 |
| Other non-controlling interests (note (iii)) |     |                    | 172,429 |     |         | 147,112 |     |         |   7,197 |
|                                              |     |                    | 197,378 |     |         | 174,054 |     |         | 103,853 |

Notes:

| (i) | Fine Cosmos Development Limited is 50% owned by the Group 
 for the years.                                            |

| (ii) | Singapore hotel companies is 51% owned by the Group for the years. |

| (iii) | The consolidated financial statements represent a combination                                                                             
 of entities and business under common control of AMTD Group, as such, the assets and liabilities of the consolidated entities are subject 
 to the non-controlling shareholders of immediate holding company (i.e. AMTD Digital Inc.) and the intermediate holding company (i.e.      
 AMTD IDEA Group). Upon the completion of the reorganization of the Group subsequent to the end of the reporting period, and accordingly,  
 the amounts of non-controlling interests of AMTD IDEA Group and AMTD Digital Inc. are then transferred to the reverses attributable to    
 the owners of the Company.                                                                                                                |

| 36. | SUBSEQUENT EVENTS |

Other than disclosed elsewhere in the consolidated financial
statements, the Group has the following subsequent events:

In January 2025, the Company and Black Spade Acquisition II
Co, a special purpose acquisition company founded by Black Spade Capital, entered into a business combination agreement.

<div align='center'>F-82

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 6. Indemnification
of Directors and Officers

The laws of the Cayman Islands
do not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers
and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such
as to provide indemnification against willful default, willful neglect, civil fraud or the consequences of committing a crime.

The Amended Articles provides
that every director (including alternate director), secretary, assistant secretary, or other officer for the time being and from time
to time of The Generation Essentials Group (but not including its auditors) and the personal representatives of the same (each an “Indemnified