Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 163

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 163
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 keeping borrowings at variable
rates. We manage our interest rate exposures by assessing the potential impact arising from any interest rate movements based on interest
rate level and outlook. Our management will review the proportion of borrowings in fixed and floating rates and ensure they are within
reasonable range. Our cash flow interest rate risk exposure is insignificant.

Credit Risk

Credit risk refers to the
risk that our counterparties default on their contractual obligations resulting in financial losses to us. Our credit risk exposures
are primarily attributable to accounts receivable, bank balances and deposits and other receivables. Our directors consider that these
credit risks are not significant.

Liquidity Risk

We aim to maintain cash and
credit lines to meet its liquidity requirements. We finance our working capital requirements through a combination of funds generated
from operations, loans and equity financing. Our liquidity risk exposures are primarily attributable to accounts payable, other payables
and accruals, borrowings, amounts due to subsidiaries’ non-controlling shareholders, amount due to ultimate holding company.

Internal Control Over
Financial Reporting

Prior to the consummation
of the Business Combination, we had been a private company with limited accounting personnel and other resources with which to address
our internal control. Our management has not completed an assessment of the effectiveness of our internal control and procedures over
financial reporting and our independent registered public accounting firm has not conducted an audit of our internal control over financial
reporting. In the course of auditing our combined financial statements included in this prospectus, we and our independent registered
public accounting firm did not identify any material weakness in our internal control over financial reporting. As defined in the standards
established by the U.S. Public Company Accounting Oversight Board, a “material weakness” is a deficiency, or a combination
of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement
of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Neither we nor our independent
registered public accounting firm undertook a comprehensive assessment of our internal control under the Sarbanes-Oxley Act for purposes
of identifying and reporting any weakness in our internal control over financial reporting. We and they are required to do so only after
we become a public company. Had we performed a formal assessment of our internal control over financial reporting or had our independent
registered public accounting firm performed an audit of our internal control over financial reporting, control deficiencies may have
been identified. See “Risk Factors