Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 147

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 147
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 2023, offshore passive income (including
interest income, dividend income or gain on disposal of equity interest (where applicable)), that is received or deemed to be received
in Hong Kong would need to meet additional requirements, including, amongst others, the economic substance requirements in order
to continue to be entitled to the offshore income tax exemption in Hong Kong. We will monitor the regulatory developments and continue
to evaluate the impact on our financial statements, if any.

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Results of Operations

The following table sets forth
our results of operations with line items by amounts for the years indicated.

|                                                                                                              |     | Year ended December 31,                                            
 2022                                                               |        |   |     |   |       |   |     | 2023 |         |   |     |   |       |   |     | 2024 |         |   |     |   |       |   |
|:-------------------------------------------------------------------------------------------------------------|:----|:-------------------------------------------------------------------|-------:|:--|:----|:--|------:|:--|:----|:-----|--------:|:--|:----|:--|------:|:--|:----|:-----|--------:|:--|:----|:--|------:|:--|
|                                                                                                              |     | US$                                                                |        |   |     | % |       |   |     | US$  |         |   |     | % |       |   |     | US$  |         |   |     | % |       |   |
|                                                                                                              |     | -in thousands, except for percentages, share numbers and per share 
 data                                                               |        |   |     |   |       |   |     |      |         |   |     |   |       |   |     |      |         |   |     |   |       |   |
| REVENUE                                                                                                      |     |                                                                    |        |   |     |   |       |   |     |      |         |   |     |   |       |   |     |      |         |   |     |   |       |   |
| Media advertising and marketing services income                                                              |     |                                                                    |  7,670 |   |     |   |  24.5 |   |     |      |  14,422 |   |     |   |  33.9 |   |     |      |