Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 506

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 506
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 June 30, 2023 AND 2024 26.AMOUNTS DUE TO SUBSIDIARIES’ NON-CONTROLLING SHAREHOLDERS

|                                                                                      |     |        As of 
 December 31, 
         2022 |     |    2023 |     |    As of 
 June 30, 
     2024 |
|:-------------------------------------------------------------------------------------|:----|-------------:|:----|--------:|:----|---------:|
|                                                                                      |     |      US$’000 |     | US$’000 |     |  US$’000 |
| Interest-free                                                                        |     |       19,268 |     |  24,322 |     |   47,352 |
| Interest bearing at Hong Kong Inter-bank Offered Rate (“HIBOR”) plus 1.15% per annum |     |       25,648 |     |  21,762 |     |   21,769 |
| Interest bearing at 2 times of HIBOR plus 1.15% per annum                            |     |        7,695 |     |   7,643 |     |    7,683 |
|                                                                                      |     |       52,611 |     |  53,727 |     |   76,804 |

Amounts due to subsidiaries’ non -controllingshareholders are unsecured. Upon acquisition of Singapore hotel companies, another amount due to non -controllingshareholder of US$23,060,000 is recognized and accumulated at June 30, 2024. Subsequent to the end of the reporting period, interest bearing balance of US$29,452,000 was settled through the current account of ultimate holding company and the non -controllingshareholder. 27.AMOUNT DUE TO ULTIMATE HOLDING COMPANY Amount due to ultimate holding company is unsecured, interest -freeand repayable more than 1 year after each of the reporting period. 28.SHARE CAPITAL Share capital as of December 31, 2022 represented the combined share capital of WME Assets Group, WME Direct Investment Limited, L’Officiel Inc SAS, AMTD Digital Media Solutions Pte. Limited and L’Officiel Malaysia Sdn. Bhd. Share capital as of December 31, 2023 and June 30, 2024 represented the combined share capital of the Company, WME Assets