Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 368

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 368
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or loss.

<div align='center'>F-93

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

| 33. | FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 
 (cont.)                                           |

No sensitivity analysis is prepared on unlisted equity shares
and movie income right investments as the directors of the Company consider that the impact on the price risk of the Group is insignificant.

Certain transactions of the Group are denominated in foreign
currencies which are different from the functional currency of group entities, and therefore the Group is exposed to foreign currency
risk. The Group currently does not have a foreign currency hedging policy. However, management monitors foreign exchange exposure and
will consider hedging significant foreign exchange exposure should the need arise.

The Group’s key currency risk exposure primarily arises
from accounts receivable, accounts payable and bank balances denominated in other currencies. As of December 31, 2022, 2023 and 2024,
the Group had no significant exposure to foreign currency risk. Consequently, no sensitivity analysis has been performed and disclosed.

The Group is exposed to cash flow interest rate risk in relation
to variable-rate bank balances and variable-rate borrowings. The Group aims to keep borrowings at variable rates. The Group manages its
interest rate exposures by assessing the potential impact arising from any interest rate movements based on interest rate level and outlook.
The management will review the proportion of borrowings in fixed and floating rates and ensure they are within reasonable range.

No sensitivity analysis has been presented for variable rate
bank balances and variable rate borrowings as the bank balances and borrowings as the cash flow interest rate risk exposure is insignificant.

Credit risk refers to the risk that a counterparty will default
on its contractual obligations resulting in financial loss to the Group. The Group has adopted a policy of only dealing with creditworthy
counterparties, as a means of mitigating the risk of financial loss from defaults. The Group’s exposure of its counterparties is
continuously monitored and the aggregate value of transactions concluded is spread amongst approved counterparties. Credit exposure is
controlled by counterparty limits that are reviewed and approved by the management periodically.

The Group has credit risk exposure in relation the Agreements
entered into with a counterparty amounting to US$167,388,000 as of December 31, 202