Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 253

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 253
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 on or after January 1, 
 2026                                                          |
| (4) | Effective for annual periods beginning on or after January 1, 
 2027                                                          |

Except for the new and amendments to
IFRS mentioned below, the directors of the Company anticipate that the application of the new and amendments to IFRSs will have no material
impact on the consolidated financial statements in the foreseeable future.

IFRS 18 “Presentation and Disclosure in Financial Statements”

IFRS 18 “Presentation and Disclosure
in Financial Statements”, which sets out requirements on presentation and disclosures in financial statements, will replace IAS
1 “Presentation of Financial Statements”. This new IFRS Accounting Standard, while carrying forward many of the requirements
in IAS 1, introduces new requirements to present specified categories and defined subtotals in the statement of profit or loss; provide
disclosures on management-defined performance measures in the notes to the financial statements and improve aggregation and disaggregation
of information to be disclosed in the financial statements. In addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Minor
amendments to IAS 7 “Statement of Cash Flows” and IAS 33 “Earnings per Share” are also made. IFRS 18, and amendments
to other standards, will be effective for annual periods beginning on or after 1 January 2027, with early application permitted.
The application of the new standard is expected to affect the presentation of the statement of profit or loss and disclosures in the
future financial statements. The Group is in the process of assessing the detailed impact of IFRS 18 on the Group’s consolidated
financial statements.

| 2.3 | MATERIAL ACCOUNTING 
 POLICIES            |

The consolidated financial statements
incorporate the financial statements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved
when the Company:

| ● | has power over 
 the investee;  |

| ● | is exposed, or                                                              
 has rights, to variable returns from its involvement with the investee; and |

| ● | has the ability                         
 to use its power to affect its returns. |

<div align='center'>F-30

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

|