Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 142

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 142
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Cayman Islands

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income, capital gains or appreciation and there is no taxation in
the nature of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the government of the Cayman
Islands except for stamp duties which may be applicable on instruments executed in or brought within the jurisdiction of the Cayman Islands.
There are no exchange control regulations or currency restrictions in the Cayman Islands.

France

In France, corporate income
tax rate of 15% applies to the first €38,120 of taxable profits for entities realizing a turnover up to €10 million for
the years ended December 31, 2022, 2023 and 2024. The corporate income tax rate above €38,120 of taxable profits is 25%
during the years ended December 31, 2022, 2023 and 2024.

Italy

Italian corporate entities
are subject to a corporate income tax of 24%, and to a regional production tax of 3.9% during the years ended December 31, 2022,
2023 and 2024.

United States

In the United States,
the federal corporate tax rate is a flat rate of 21% during the years ended December 31, 2022, 2023 and 2024. New York, where
part of our subsidiaries domiciles, has a 6.50% to 7.25% corporate income tax rate during the year ended December 31, 2022 and 6.50%
to 8.85% corporate income tax rate during the years ended December 31, 2023 and December 31, 2024.

Southeast Asia

Malaysian corporate income
tax is 25% of the chargeable income during the years ended December 31, 2022, 2023 and 2024. Singapore tax on corporate income is
imposed at a flat rate of 17%.

Hong Kong

Under the current Hong Kong
Inland Revenue Ordinance, a two-tiered profits tax rates regime was introduced in 2018 where the first HK$2 million of assessable
profits earned by a company is taxed at half of the current tax rate (8.25%) while the remaining profits are taxed at 16.5%. For the
years ended December 31, 2022, 2023 and 202