Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 310

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 310
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of any goodwill (if applicable) and then to the other assets on a pro-rata basis based on the carrying amount of each asset in the unit
or the group of cash-generating units. The carrying amount of an asset is not reduced below the highest of its fair value less costs of
disposal (if measurable), its value in use (if determinable) and zero. The amount of the impairment loss that would otherwise have been
allocated to the asset is allocated pro rata to the other assets of the unit or the group of cash-generating units. An impairment loss
is recognized immediately in profit or loss.

A party is considered to be related to the Group if:

| (a) | the party is a person or a close member of that person’s 
 family and that person                                   |

| (i) | has control or joint control over the Group; |

<div align='center'>F-57

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

| 2. | APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS 
 (cont.)                                                    |

| (ii) | has significant influence over the Group; or |

| (iii) | is a member of the key management personnel of the Group 
 or of a parent of the Group; or                          |

| (b) | the party is an entity where any of the following conditions 
 applies:                                                     |

| (i) | the entity and the Group are members of the same group; |

| (ii) | one entity is an associate or joint venture of the other                      
 entity (or of a parent, subsidiary or fellow subsidiary of the other entity); |

| (iii) | the entity and the Group are joint ventures of the same third 
 party;                                                        |

| (iv) | one entity is a joint venture of a third entity and the other 
 entity is an associate of the third entity;                   |

| (v) | the entity is a post-employment benefit plan for the benefit                                                                          
 of employees of either the Group or an entity related to the Group; and the sponsoring employers of the post-employment benefit plan; |

| (vi) | the entity is controlled or jointly controlled by a person 
 identified in (a);                                         |

| (vii) | a person identified in (a)(i) has significant