Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 159

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 159
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 million and net receipt
from amount due to ultimate holding company of US$3.7 million, partially offset by repayment to subsidiaries’ non-controlling
shareholders of US$6.4 million and interest paid of US$1.6 million.

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Material Cash Requirements

Our material cash requirements
as of June 30, 2025 and any subsequent interim period primarily include (i) borrowings, (ii) amount due to our ultimate holding
company, (iii) amounts due to non-controlling shareholders of our subsidiaries, and (iv) lease liabilities.

Our borrowings mainly
comprise of secured bank borrowings of US$230.2 million, which are denominated in Hong Kong dollars, Singapore dollars and USD,
and unsecured bank borrowings of US$20 thousand. Except for bank borrowings of US$10.9 million carrying a fixed-rate interest of
5.0% per annum, other bank borrowings carry variable interest rates with a weighted average contractual interest rate of 4.04% per
annum as of June 30, 2025.

Our amount due to our
ultimate holding company mainly consists of interest-free current account with our ultimate holding company. The amount will be waived
by our ultimate holding company upon Closing.

Our amounts due to non-controlling
shareholders of our subsidiaries consists of interest-free current account of US$64.3 million as of June 30, 2025. In August 2024,
interest bearing balance of US$29.5 million was settled through the current account of our ultimate holding company and the non-controlling
shareholders.

Our lease liabilities primarily
consist of certain outstanding lease obligations of our offices.

The following table sets
forth our material cash requirements as of June 30, 2025.

|                                                          |     |                                   |         |     | Payment Due by Period |        |     |           |         |
|                                                          |     | Total                             |         |     | Within                
 One Year              |        |     | More Than 
 One Year  |         |
|                                                          |     | US$                               |         |     | US$                   |        |     | US$       |         |
|                                                          |     | -in thousands, except percentages |         |     |                       |        |     |           |         |
| Bank borrowings                                          |     |                                   | 230,177 |     |                       |    213 |     |           | 229