Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 355

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 355
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4 |       |
|                         |     |            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 |   |     |         |     (46 | ) |     |         |   225 |
| As of December 31,      |     |                    | 13,247 |   |     |         |   3,936 |   |     |         | 5,863 |

The movement in Level 3 on derivative financial instruments
during the years is disclosed in note 17.

| 33. | FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES |

The Group has various financial assets and liabilities such
as financial assets at FVTPL, accounts receivable, deposits and other receivables, amounts due from joint ventures, restricted cash, cash
and bank balances, accounts payable, other payables and accruals, borrowings, amounts due to subsidiaries’ non-controlling shareholders
and amount due to ultimate holding company.

The main risks arising from the Group’s financial instruments
are price risk, foreign currency risk, interest rate risk, credit risk and liquidity risk. Management manages and monitors these risks
to ensure appropriate measures are