Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 87

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 87
---
 |         |  (2,472 | ) |     |         |   6,232 |   |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                     |     |                         |    (110 | ) |     |         |   5,360 |   |     |         |  14,111 |   |
| Cash and cash equivalents at the beginning of the year                                   |     |                         |   1,268 |   |     |         |   1,208 |   |     |         |   6,121 |   |
| Effect of foreign exchange rate change, net                                              |     |                         |      50 |   |     |         |    (447 | ) |     |         |    (254 | ) |
| CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR                                         |     |                         |   1,208 |   |     |         |   6,121 |   |     |         |  19,978 |   |
| ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS                                        |     |                         |         |   |     |         |         |   |     |         |         |   |
| Cash and bank balances                                                                   |     |                         |   1,208 |   |     |         |   6,121 |   |     |         |  19,978 |   |

<div align='center'>46

UNAUDITED
PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION</div>

Introduction

The following unaudited pro
forma condensed combined financial statements present the combination of the financial information of The Generation Essentials Group
and Black Spade II adjusted to give effect to (i) the Transactions” and (ii) the TGE Reorganization. The following
unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X as
amended by the final rule, Release No. 33-10786 “Amendments to Financial Disclosures about Acquired and Disposed Businesses.”
Defined terms included in these financial statements have the same meaning as terms defined and included elsewhere in this prospectus.

The following unaudited pro
forma condensed combined statement of financial position as of December 31, 2024 combines the audited consolidated statement of financial
position of The Generation Essentials Group as of December