Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 513

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 513
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,389 |     |     6,829 |     | 333,919 |     |  17,870 |     |      434,007 |     |  395,344 |

Capital risk management The Group manages its capital to ensure that the Group will be able to continue as a going concern while maximizing the return to stakeholders through the optimization of the debt and equity balance. The capital structure of the Group consists of debts and equity attributable to equity holders of the Group, comprising share capital and reserves, as disclosed in consolidated statements of changes in equity. There were no changes on the Group’s approach to capital risk management during the years. 34.ACQUISITIONS OF SUBSIDIARIES For the year ended December 31, 2022 Acquisition of L’Officiel Inc SAS In April 2022, the intermediate holding company acquired 100% equity interest of L’Officiel Inc SAS. The consideration of the acquisition amounting to US$62,800,000 was paid by ultimate holding company on behalf of the Group. The transaction was completed in April 2022 and accounted for using acquisition accounting. No acquisition -relatedcost has been recognized as an expense for the year December 31, 2022. Assets and liabilities at the date of acquisition

|                                             |     | US$’000 |   |
| Cash and cash balances                      |     |     247 |   |
| Restricted cash                             |     |     477 |   |
| Accounts receivable                         |     |   1,855 |   |
| Prepayments, deposits and other receivables |     |   2,745 |   |
| Intangible assets                           |     |  92,294 |   |
| Accounts payable                            |     | (11,489 | ) |
| Other payables and accruals                 |     | (11,033 | ) |
| Provisions                                  |     |  (4,094 | ) |
| Borrowings                                  |     |    (585 | ) |
| Deferred tax liabilities                    |     |  (2,769 | ) |
| Net assets acquired                         |     |  67,648 |   |

F-77

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 34.ACQUISITIONS OF SUBSIDIARIES (cont.) The fair values