Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 500

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 500
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 year of issuance at par value at the option of the Company; and

F-68

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 28.SHARE CAPITAL (cont.) (e)not be entitled to be have any non -votingredeemable preferred shares redeemed, repurchased or converted into any other class or series of shares at the option of the holder. The non -votingredeemable shares are classified as equity despite their redeemable nature due to their fixed -for -fixedredemption feature. No shares were redeemed during the year, and there are no plans or obligations to redeem these shares in the foreseeable future. 29.RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non -cashchanges. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s consolidated statements of cash flows as cash flows from financing activities.

|                                  |     | Borrowings |   |     |       Lease 
 liabilities |   |     |        Amount 
        due to 
 subsidiaries’ 
          non- 
   controlling 
  shareholders |   |     |   Amount 
   due to 
 ultimate 
  holding 
  company |   |     |   Total |   |
|                                  |     |    US$’000 |   |     |     US$’000 |   |     |       US$’000 |   |     |  US$’000 |   |     | US$’000 |   |
| As of January 1, 2022            |     |     45,809 |   |     |           — |   |     |        58,041 |   |     |   59,464 |   |     | 163,314 |   |
| Finance costs                    |     |      1,550 |   |     |           — |   |     |         1,036 |   |     |        — |   |     |   2,586 |   |
| Acquisition of subsidiaries      |     |        585 |   |     |           — |   |     |             — |   |     |        — |   |     |