Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 184

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 184
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 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 aspects of U.S. state or local or non-U.S. taxation. There can be no assurance that the IRS will not take positions inconsistent
with the considerations discussed below or that any such positions would not be sustained by a court.

This discussion does not consider
the tax treatment of partnerships or other pass-through entities or persons who hold the Securities through such entities. If a partnership
(or any entity or arrangement so characterized for U.S. federal income tax purposes) holds the Securities, the tax treatment of such
partnership and a person treated as a partner of such partnership will generally depend on the status of the partner and the activities
of the partnership. Partnerships holding the Securities and persons that are treated as partners of such partnerships should consult their
tax advisors regarding the U.S. federal income tax