Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 304

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 304
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ANCIAL REPORTING STANDARDS |

| 2.1 | BASIS OF PRESENTATION |

The consolidated financial statements include the financial
statements of certain subsidiaries of AMTD Group arising from the reorganization, and also include the results of operations of the investments
business, which have been prepared on a carve-out basis. Such reorganization of entities is under common control, which is outside of
the scope of IFRS 3 Business Combinations, as such entities were under common control and managed by AMTD Group. The Group prepared
the consolidated financial statements to capture the stand-alone media and entertainment services, hotel operation, hospitality and VIP
services and strategic investment business, which have operated under AMTD Group during the years ended December 31, 2022, 2023
and 2024. The consolidated financial statements do not represent the financial position and results of operations of a legal entity but
rather a combination of entities and business under common control of AMTD Group that reflect significant assumptions and allocations,
including the following:

| ● | The assets and liabilities of the entities subject to the                                                                              
 restructuring were reflected at their carrying amounts in AMTD Group. No adjustments were made to reflect fair values or recognize any 
 new assets or liabilities that would otherwise be done under the acquisition method.                                                   |

| ● | Any difference between transferred and the aggregate book                                                                   
 value of the assets and liabilities of the entities subject to the reorganization was reflected as an adjustment to equity. |

| ● | Include all revenues, expenses, assets and liabilities attributed                                                                       
 to the media and entertainment services, hotel operation, hospitality and VIP services and strategic investment business as part of the 
 reorganization;                                                                                                                         |

| ● | Under the pooling of interest method, each of the entities subject                     
 to the reorganization is accounted for as if it had always been part of the Group; and |

| ● | All intercompany transactions and balances have been eliminated 
 in combination.                                                 |

The preparation of consolidated financial statements in conformity
with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process
of applying the respective accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions
and estimates are significant to the consolidated financial statements are disclosed in note 2.2.

The reorganization of the Group is completed in November 2024
and the Company has become the holding company of the companies now comprising the Group since then. The consolidated statements of profit