Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 520

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 520
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 uncollectible. Gain arising on acquisition

|                                                             |     |     US$ |   |
| Recognized amounts of net assets acquired                   |     |  67,648 |   |
| Less: consideration transferred by ultimate holding company |     | (62,800 | ) |
|                                                             |     |   4,848 |   |

Bargain purchase gain amounting to approximately US$4,848,000 on acquisition of L’Officiel Inc SAS is recognized in profit or loss within the other gain line item in the consolidated statement of profit or loss and other comprehensive income. The transaction resulted in a bargain purchase gain, reflecting the financial and operating conditions of the acquiree at the time of acquisition. Impact of acquisition on the results of the Group Included in the consolidated profit for the year ended December 31, 2022 is the profit of US$2.7 million attributable to the business generated by L’Officiel Inc SAS. Revenue for the year ended December 31, 2022 includes US$4.7 million generated from the acquisition. Had the acquisition of L’Officiel Inc SAS been completed on January 1, 2022, revenue for the year of the Group would have been US$33.1 million, and profit for the year would have been US$21.7 million. The pro forma information is for illustrative purposes only and is not necessarily an indication of revenue and results of the operations of the Group that actually would have been achieved had the acquisition been completed on January 1, 2022, nor is it intended to be a projection of future events. For the year ended December 31, 2023 Acquisition of The Art Newspaper SA During the year ended December 31, 2023, the Company acquired 100% equity interest of The Art Newspaper SA, a limited company incorporated in Switzerland. The consideration of the acquisition was paid by cash amounting to US$2,540,000, which is paid by ultimate holding company, 8,688,525shares of the intermediate holding company and 380,065shares of the immediate holding company as well as a bonus element of Euro 2,888,888 which will be settled by the intermediate holding company on the 540 thday following the completion of acquisition. The total consideration is approximately US$16,831,000. The transaction was completed in October 2023 using acquisition accounting. No acquisition -relatedcost has been recognized as an expense for the year ended December 31,