Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 186

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 186
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and any consideration received (or deemed received) by us on the sale or other taxable disposition of Securities will be in U.S. dollars.
This discussion does not discuss all aspects of U.S. federal income taxation that may be relevant to holders in light of their particular
circumstances or status including:

| ● | our officers or directors; |

| ● | financial institutions or financial services entities; |

| ● | broker-dealers; |

| ● | taxpayers that are subject to the mark-to-market accounting 
 rules;                                                      |

| ● | tax-exempt entities; |

| ● | governments or agencies or instrumentalities thereof; |

| ● | insurance companies; |

| ● | regulated investment companies or real estate investment trusts; |

| ● | expatriates or former long-term residents of the United States; |

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| ● | persons that actually or constructively own five percent or                                                                                 
 more of our shares, by vote or value, or that will actually or constructively own five percent or more of our voting shares or five percent 
 or more of the total value of any class of our shares;                                                                                      |

| ● | persons that acquired Securities pursuant to an exercise of                                                                                  
 employee share options, in connection with employee share incentive plans or otherwise as compensation or in connection with the performance 
 of services;                                                                                                                                 |

| ● | persons that are resident or ordinarily resident in or have                                                           
 a permanent establishment in a jurisdiction outside the U.S. to which the income from the Securities is attributable; |

| ● | persons subject to special tax accounting rules as a result                                                               
 of any item of gross income with respect to the Securities being taken into account in an applicable financial statement; |

| ● | persons that hold the Securities as part of a straddle, constructive     
 sale, hedging, conversion or other integrated or similar transaction; or |

| ● | persons whose functional currency is not the U.S. dollar. |

This discussion is based on
the Code, proposed, temporary and final Treasury Regulations promulgated under the Code, and judicial and administrative interpretations
thereof, all as of the date hereof. All of the foregoing is subject to change, which change could apply retroactively and could affect
the tax considerations described herein. This discussion does not address U.S. federal taxes other than those pertaining to U.S. federal
income taxation (such as estate or gift taxes, any alternative minimum tax or the Medicare tax on investment income), nor does it address
any