Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 497

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 497
---
 not held for trading. Instead, they are held for medium to long -termstrategic purposes. The directors of the Company do not expect to realize these investments within 12 months and, accordingly, these investments are classified as non -currentassets. 15.ACCOUNTS RECEIVABLE

| 2022                                                           |     |        As of 
 December 31, 
         2023 |     |         |     |    As of 
 June 30, 
     2024 |
|:---------------------------------------------------------------|:----|-------------:|:----|--------:|:----|---------:|
| US$’000                                                        |     |      US$’000 |     | US$’000 |     |          |
| Receivable from media and entertainment services               |     |        2,759 |     |   5,228 |     |    2,345 |
| Receivable from hotel operations, hospitality and VIP services |     |           72 |     |     111 |     |    1,599 |
| Total                                                          |     |        2,831 |     |   5,339 |     |    3,944 |

The Group allows a credit period of up to 90 days to its accounts receivables arising from media and entertainment business. The normal settlement terms of accounts receivable from hotel operations, hospitality and VIP services are specific terms mutually agreed between the contracting parties. The Group seeks to maintain strict control over its outstanding receivables and has a credit control team to minimize credit risk. Overdue balances are reviewed regularly by management of the Group. The Group does not hold any collateral over its accounts receivable. The directors of the Company assess that there has been no significant increase in credit risk nor default because of the background of the debtors and historical payment arrangement with these debtors. The Group does not hold any collateral over these balances.

F-57

WORLD MEDIA AND ENTERTAINMENT UNIVERSAL INC.
NOTES TO THE COMBINED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022 and 2023 and
six months ended June 30, 2023 AND 2024 15.ACCOUNTS RECEIVABLE (cont.)

| 2022             |     |        As of 
 December 31, 
         2023 |     |         |     |    As of 
 June 30, 
     2024 |
|:-----------------|