Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 235

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 235
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 |   US$’000 |       |
|                                                                |     |       -unaudited |        |     | -restated |       |
| Earnings figures are calculated as follows:                    |     |                  |        |     |           |       |
| Profit for the period attributable to Class A ordinary shares  |     |                  |  2,988 |     |           | 7,903 |
| Profit for the period attributable to Class B ordinary shares  |     |                  |  2,395 |     |           | 8,252 |
| Number of shares                                               |     |                  |        |     |           |       |
|                                                                |     |                  |   ’000 |     |           |  ’000 |
| Weighted average number of Class A ordinary shares outstanding |     |                  | 24,067 |     |           | 6,386 |
| Weighted average number of Class B ordinary shares outstanding |     |                  | 19,286 |     |           | 6,668 |

The weighted average number of ordinary
shares for the purpose of basic earnings per share has been adjusted for the share subdivision and reclassification and re-designation
of shares on June 3, 2025.

The computation of diluted earnings per share does not assume the exercise of the Company’s warrants because the exercise price of those warrants was higher than the average market price for shares for the six months ended June 30, 2025. No diluted earnings per share for period were presented as there were no potential ordinary shares in issue for the six months ended June 30, 2024.

<div align='center'>F-13

THE GENERATION ESSENTIALS GROUP

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE six months ended June 30, 2025</div>

| 11. | PROPERTY, PLANT AND EQUIPMENT |

As of June 30, 2025, the Group’s
properties are stated at valuation of US$595,661,480 which is a Level 3 fair value measurement. There was no transfer into or out of
level 3 during the period. During the six months ended June 30, 2025, the Group has recognized the revaluation gain of US$7,312,000 to
the other comprehensive income.

There has been no change to the
valuation techniques during the period. In estimating the fair value of the properties, the