Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 293

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 293
---
 constant. The sensitivity
to a 50 basis points increase/decrease in discount rate holding all other variables constant, the revalued amount of property will decrease/increase
by approximately US$6,412,000/US$7,694,000, US$7,662,000/US$6,385,000 and US$7,662,000/US$6,385,000, respectively, for the years
ended December 31, 2022, 2023 and 2024.

The key inputs used in valuing the
hotel property in Singapore by the independent qualified professional valuer under the aforesaid income approach were the discount rate
used at 5.7% as of December 31, 2024 and average daily rates, which ranged from Singapore Dollar (“SGD”) 380 to SGD505
per room. Any decrease in the discount rate used would result in an increase in fair value measurement of the property, and vice versa,
holding all other variables constant. The sensitivity to a 50 basis points increase/decrease in discount rate holding all other variables
constant, the revalued amount of property will decrease/increase by approximately US$12,529,000/US$13,266,000 for the year ended December 31,
2024.

<div align='center'>F-55

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 11. | PROPERTY, PLANT AND EQUIPMENT (cont.) |

|                                       |     | Year ended December 31, | 2022 |     |         | 2023 |     |         | 2024 |
|:--------------------------------------|:----|:------------------------|-----:|:----|:--------|-----:|:----|:--------|-----:|
|                                       |     | US$’000                 |      |     | US$’000 |      |     | US$’000 |      |
| Expense relating to short-term leases |     |                         |   51 |     |         |  216 |     |         |  243 |
| Total cash outflow for leases         |     |                         |   51 |     |         |  303 |     |         |  653 |

For the year, the Group leases offices