Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 298

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 298
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 | 1,727 |   |
| Deposits                                         |     |                    |   199 |   |     |         |   353 |   |     |         |   195 |   |
| Other receivables                                |     |                    | 2,194 |   |     |         | 2,287 |   |     |         | 1,621 |   |
| Less: impairment losses provided under ECL model |     |                    |  (501 | ) |     |         |  (501 | ) |     |         |  (501 | ) |
| Total                                            |     |                    | 1,959 |   |     |         | 2,645 |   |     |         | 3,042 |   |

| 17. | DERIVATIVE FINANCIAL INSTRUMENTS |

|                                                         |     | As of December 31, |         |     |         |   |     |         |        |
|                                                         |     |               2022 |         |     |    2023 |   |     |    2024 |        |
|                                                         |     |            US$’000 |         |     | US$’000 |   |     | US$’000 |        |
| Upside Participation and Profit Distribution Agreements |     |                    | 167,388 |     |         | — |     |         |      — |
| Future Settlement Contract                              |     |                    |  17,681 |     |         | — |     |         |      — |
| Price Protection Agreement                              |     |                    |       — |     |         | — |     |         | 30,339 |
| Total                                                   |     |                    | 185,069 |     |         | — |     |         | 30,339 |

On April 1, 2019, the subsidiaries
of the Group entered into “Upside Participation and Profit Distribution Agreements” (the “Agreements”) with a
counterparty in relation to the movement of the share price of the entirety of certain listed shares of investments the Group owns (the
“Underlying Assets”). The Agreements have an original term of 12 months and can be extended for any further period or
terminated at any time upon mutual agreement of the contracting parties.

Pursuant
to the Agreements:

| (a) | The counterparty is                                                                             
 entitled to 25% (the “Sharing Percentage”)