Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 262

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 262
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 audit of its
internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over
financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control over financial
reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material
misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures
included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included
evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation
of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Assentsure PAC

Singapore
March 21, 2025

We have served as the Group’s auditor since 2024.

<div align='center'>F-23

THE GENERATION ESSENTIALS GROUP
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

|                                                                                                              |     |    | Notes | Year ended December 31, |   2022 |   |     |         |    2023 |   |     |         |    2024 |   |
|:-------------------------------------------------------------------------------------------------------------|:----|---:|:------|:------------------------|-------:|:--|:----|:--------|--------:|:--|:----|:--------|--------:|:--|
|                                                                                                              |     |    |       | US$’000                 |        |   |     | US$’000 |         |   |     | US$’000 |         |   |
| REVENUE                                                                                                      |     |    |       |                         |        |   |     |         |         |   |     |         |         |   |
| Media advertising and marketing services income                                                              |     |  5 |       |                         |  7,670 |   |     |         |  14,422 |   |     |         |  18,859 |   |
| Hotel operation, hospitality and VIP services income                                                         |     |  5 |       |                         |  3,201 |   |     |         |