Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 502

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 502
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RICTED CASH Cash and bank balances Cash and bank balances include demand deposits at banks, earn interest at floating rates based on daily bank deposit rates for all the periods. The bank balances are deposited with creditworthy banks with no recent history of default. Restricted cash As of December 31, 2022 and 2023, restricted deposits held at banks were used to settle certain payables to vendors. 19.ACCOUNTS PAYABLE

|                           |     |        As of 
 December 31, 
         2022 |     |    2023 |     |    As of 
 June 30, 
     2024 |
|:--------------------------|:----|-------------:|:----|--------:|:----|---------:|
|                           |     |      US$’000 |     | US$’000 |     |  US$’000 |
| Payable to suppliers      |     |        9,846 |     |   8,808 |     |      786 |
| Shown as:                 |     |              |     |         |     |          |
| – current liabilities     |     |        6,100 |     |   5,794 |     |      786 |
| – non-current liabilities |     |        3,746 |     |   3,014 |     |        — |
|                           |     |        9,846 |     |   8,808 |     |      786 |

In previous years, a subsidiary of the Group filed a report to the court in France for the purposes of recovery by way of continuation. Under the continuation plan by court, certain accounts payables are repayable based on the agreed percentage annually until year 2027. As of December 31, 2022 and 2023, accounts payable amounted to approximately US$3,746,000 and US$3,014,000, respectively, are classified as non -currentliabilities as these payables are repayable more than one year. The average credit period on purchases of goods is 30 days.

F-60

WORLD MEDIA AND ENTERTAINMENT UNIVERSAL INC.
NOTES TO THE COMBINED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022 and 2023 and
six months ended June 30, 2023 AND 2024 20.OTHER PAYABLES AND ACCRUALS

| 2022