Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 167

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 167
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 the directors, either specifically or by way of a general notice, and such director’s
vote may be counted in the quorum at any meeting of directors at which any such contract or proposed contract or arrangement is considered,
and (b) if such contract or arrangement is a transaction with a related party, such transaction has been approved by the audit committee.

The directors may exercise
all the powers of the company to raise or borrow money, mortgage, or charge its undertaking, property, and assets (present or future),
uncalled capital or any part thereof, and to issue debentures, debenture stock, bonds, or other securities, whether outright or as collateral
security for any debt, liability, or obligation of our company or of any third party.

No The Generation Essentials
Group non-employee director has a service contract with The Generation Essentials Group that provides for benefits upon termination of
service.

Committees of the Board
of Directors

We have established an audit
committee, a compensation committee, and a nominating and corporate governance committee under our board of directors and have adopted
a charter for each of the three committees. Each committee’s members and functions are described below.

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Audit Committee

The audit committee consists
of Dr. Feridun Hamdullahpur and Joanne Shoveller. Dr. Feridun Hamdullahpur is the chairperson of the audit committee. Dr. Feridun
Hamdullahpur satisfies the criteria of an audit committee financial expert as set forth under the applicable rules of the SEC. Each
of Dr. Feridun Hamdullahpur and Joanne Shoveller satisfies the requirements for an “independent director” within the
meaning of Section 303A of the Corporate Governance Rules of the NYSE and the criteria for independence set forth in Rule 10A-3
of the Exchange Act.

The audit committee oversees
The Generation Essentials Group accounting and financial reporting processes. The audit committee is responsible for, among other things:

| ● | appointing the independent auditors and pre-approving all auditing and non-auditing services permitted 
 to be performed by the independent auditors;                                                           |

| ● | reviewing with the independent auditors any audit problems or difficulties and management’s response; |

| ● | discussing the annual audited financial statements with management and the independent auditors; |

| ● | reviewing the adequacy and effectiveness of TGE’s accounting and internal control policies and procedures 
 and any steps