Generation Asia I Acquisition Limited has issued an unsecured non-convertible interest-free promissory note (the Note) on May 3, 2024 to its sponsor in consideration for a loan in the amount of the aggregate principal amount under such promissory note of $450,000. The Note was issued in connection with advances the Sponsor may make, in its discretion, to the Company for working capital expenses and extension payments to extend the date by which the Company must consummate a business combination transaction. The aggregate principal amount of the promissory note will be repaid in connection with the closing of Company?s initial business combination.