Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 316

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 316
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 by external credit rating agencies. Based on the average loss rates,
the 12-month ECL on bank balances and restricted cash is insignificant and therefore no loss allowance was recognized.

Amounts due from joint ventures

The Group regularly evaluates the business
performance of joint ventures. The Group’s credit risks in these balances are considered low due to the strong financial positions
of these entities. The management believes that there are no significant increases in credit risk of these amounts since initial recognition
and the Group provided impairment based on 12-month ECL. The Group assessed the ECL for amounts due from joint ventures to be insignificant
and thus no loss allowance is recognized.

Deposits and other receivables

For deposits and other receivables,
the Group makes periodic individual assessment on the recoverability of other receivables and deposits based on historical settlement
records, past experience, and also quantitative and qualitative information that is reasonable and supportive forward-looking information.
The Group believes that there is no significant increase in credit risk of these amounts since initial recognition and the Group provided
impairment based on 12-month ECL. For year ended December 31, 2022, the Group recognized ECL on deposits and other receivables
of US$501,000 and there is no movement on the allowance of ECL on deposits and other receivables during the year ended December 31,
2022, 2023 and 2024.

The tables below detail the credit
risk exposures of the Group’s financial assets at amortized costs, which are subject to ECL assessment:

|                                 |     | 12-month                
 or lifetime             |     | As of December 31, |        |     |         |        |     |         |        |
|                                 |     | ECL                     |     |               2022 |        |     |    2023 |        |     |    2024 |        |
|                                 |     |                         |     |            US$’000 |        |     | US$’000 |        |     | US$’000 |        |
| Accounts receivable (note (i))  |     | Lifetime ECL            
 (collective assessment) |     |                    |  2,831 |     |         |  5,339 |     |         |  6,457 |
| Deposits and other receivables  |     | 12-month ECL            |     |                    |  1,892 |     |