Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 312

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 312
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544 |
| Derivative financial instruments |     |                              |       — |     |             | 30,339 |     |              |       — |     |         |  30,339 |

<div align='center'>F-70

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 32. | FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL 
 INSTRUMENTS (cont.)                              |

The movements in fair value measurements
within Level 3 on financial assets at FVTPL during the years are as follow:

|                         |     | As of December 31, |        |   |     |         |         |   |     |         |       |
|                         |     |               2022 |        |   |     |    2023 |         |   |     |    2024 |       |
|                         |     |            US$’000 |        |   |     | US$’000 |         |   |     | US$’000 |       |
| As of January 1,        |     |                    | 10,773 |   |     |         |  13,247 |   |     |         | 3,936 |
| Additions               |     |                    |  4,785 |   |     |         |       — |   |     |         |    90 |
| Transfer from Level 2   |     |                    |      — |   |     |         |       — |   |     |         | 1,612 |
| Change in fair value    |     |                    |    350 |   |     |         |       — |   |     |         |     — |
| Gain on disposal        |     |                    |      — |   |     |         |  16,274 |   |     |         |     — |
| Disposals               |     |                    |      — |   |     |         | (25,539 | ) |     |         |     — |
| Distribution of profits |     |                    | (2,669 | ) |     |         |       — |   |     |         |     — |
| Exchange realignment    |     |                    |      8 |   |     |