Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 494

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 494
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, as appropriate. In relying on the valuation, management of the Group has exercised its judgement and is satisfied that the methods of valuation adopted are appropriate for the relevant property and reflective of current market conditions. Details of the valuation methodology are disclosed in note 11. 4.OPERATING SEGMENT INFORMATION The Group operates its businesses in three operating segments: media and entertainment segment, hotel operations, hospitality and VIP services segment and strategic investment segment. The following summary describes the operations in each of the Group’s operating and reportable segment: (a)Media and entertainment segment: The Group engages in the provision of print and digital advertising campaigns, licensing, and value -addedmarketing services including branded content, video production, social media activation, event creation, and experiential marketing, among other services. (b)Hotel operation, hospitality and VIP services segment: The Group engages in hotel operations, hospitality and VIP services (c)Strategic investment segment: The Group engages in proprietary investments and management of global investment portfolio (including listed and unlisted equity shares investments and movie income right investments). Management closely monitors the performance of the Group’s operating segments separately to support informed decisions on resource allocation and performance evaluation. Segment performance is evaluated based on reportable segment result, which is a measure of profit (loss) before tax from operations. The profit (loss) before tax from operations is measured after allocation of attributable costs of specialized staff and direct operating costs consistently with the Group’s profit (loss) before tax from operations. Other income, gain from a bargain purchase, finance costs, impairment loss under ECL model on financial assets and corporate expenses such as staff costs not directly attributable to segments, short -termleases and administrative expenses are excluded from such measurement. F-48

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 4.OPERATING SEGMENT INFORMATION (cont.) Segment assets exclude prepayments, deposits and other receivables and cash and bank balances, as these assets are managed on a group basis. Segment liabilities exclude tax payable, borrowings, amount due to ultimate holding company, lease liabilities and deferred tax liabilities as these liabilities are managed on a group basis. Segment revenue and results The following tables present information by segment: For the year ended December 31, 2022

|                                                       |     |     Media and 
 entertainment |     |        Hotel 
   operation,