Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 497

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 497
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   1,811 |     |   1,643 |

In the United States, the federal corporate tax rate is a flat rate of 21% during the year ended December 31, 2022, 2023 and 2024. New York, the location of a group entity domicile, has a 6.50% to 7.25% corporate income tax rate during the year ended December 31, 2022 and 6.50% to 8.85% corporate income tax rate during the year ended December 31, 2023 and 2024. Under the two -tieredprofits tax rates regime of Hong Kong Profits Tax, the first HK$2 million of profits of the qualifying group entity will be taxed at 8.25%, and profits above HK$2 million will be taxed at 16.5%. The profits of group entities not qualifying for the two -tieredprofits tax rates regime will continue to be taxed at a flat rate of 16.5%. For the year ended December 31, 2022, 2023 and 2024 , the Hong Kong Profits Tax of the qualifying group entity is calculated at 8.25% on the first HK$2 million of the estimated assessable profits and at 16.5% on the estimated assessable profits above HK$2 million.

F-54

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 9.INCOME TAX EXPENSE (cont.) A reconciliation of income tax expense and profit before tax at the statutory tax rate in which the Group’s major operating subsidiaries are domiciled is as follows:

|                                                                                    |     | Year ended December 31, 
                    2022 |   |     |    2023 |   |     |    2024 |   |
|:-----------------------------------------------------------------------------------|:----|------------------------:|:--|:----|--------:|:--|:----|--------:|:--|
|                                                                                    |     |                 US$’000 |   |     | US$’000 |   |     | US$’000 |   |
| Profit before tax                                                                  |     |                  23,722 |   |     |  19,059 |   |     |  46,373 |   |
| Tax at statutory tax