Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 349

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 349
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         |   111 |     |         | 1,484 |
| Total                                                           |     |                    | 2,831 |     |         | 5,339 |     |         | 6,457 |

The Group allows a credit period of up to 90 days to
its accounts receivables arising from media and entertainment business. The 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 or defaults, owing to the debtor’s background and their established history of payment arrangements. The
Group does not hold any collateral over these balances.

|                  |     | As of December 31, |       |     |         |       |     |         |       |
|                  |     |               2022 |       |     |    2023 |       |     |    2024 |       |
|                  |     |            US$’000 |       |     | US$’000 |       |     | US$’000 |       |
| Not yet due      |     |                    | 1,743 |     |         | 2,454 |     |         | 3,399 |
| Past due         |     |                    |       |     |         |       |     |         |       |
| – within 1 month |     |                    |   843 |     |         |   595 |     |         |   780 |
| – 1 to 3 months  |     |                    |   155 |     |         | 1,204 |     |         | 1,106 |
| – Over 3 months  |     |                    |    90 |     |         | 1,086 |     |         | 1,172 |
| Total            |     |                    | 2,831 |     |         | 5,339 |     |         | 6,457 |

The Group has applied the lifetime ECL to measure the loss
allowance and the ECL is performed on a collective basis. An impairment analysis of accounts receivable is performed at each reporting
date using probability of