Company: TGE
Filing Date: 2025-03-21
Form Type: DRSLTR
Source: 0001013762-25-001138
Chunk: 7

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRSLTR
Chunk 7
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 the Company does not believe that
any additional disclosure is required regarding the federal income tax consequences of the business combination to TGE security holders
(formerly known as aWME security holders) because there are no TGE security holders that are U.S. Holders/tax residents of the United
States.

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

2. Application of International Financial Reporting Standards

Revenue recognition, page F-40

| 17. | We note your disclosure that hotel operation services income                                      
 are recognized over time by reference to the progress towards complete satisfaction of the        
 relevant performance obligations, as the customer simultaneously receives and consumes the        
 benefits provided by the Group's performance as the Group performs. Please revise your disclosure 
 of the revenue recognition policy to comply with the disclosure requirements of IFRS 15,          
 including paragraphs 119, 124, and 126, as applicable.                                            |

In response to the Staff’s
comment, the Company has revised page F-34 relating to the disclosure on the hotel operation services income based on the requirement
of IFRS 15, including paragraphs 119, 124 and 126.

| 18. | We note you disclose on page F-57 that the Group entered into                                  
 movie income right agreements with production houses, and it is entitled to certain percentage 
 of the variable profit to be derived from the release movies. Please clarify which segment     
 recorded the related revenue in the reported periods and disclose the applicable revenue       
 recognition policy or advise.                                                                  |

The Company respectfully refers
the Staff to page F-41, where it is stated that movie income right investments are included under the strategic investment segment. Movie
income right investments are classified as financial assets at fair value through profit or loss in accordance with IFRS 9.

The fair value change on movie
income right investments is classified and included in the line “net fair value changes on FVTPL” on the consolidated statements
of profit or loss and other comprehensive income. As explained in question 12 above, the Company classified “dividend income and
gain related to disposed financial assets at fair value through profit or loss” and “net fair value changes on FVTPL”
are grouped as part of the revenue because strategic investment segment is a part of the Company’s ordinary course of operations
and disclosed in page