Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 370

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 370
---
 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 |     |         |  2,139 |     |         |  1,816 |
| Amounts due from joint ventures |     | 12-month ECL            |     |                    | 30,554 |     |         | 23,810 |     |