Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 339

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 339
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 production programs due to the budget overruns. Any agreed further contribution to the film programs due to the budget overruns
will be added to the carrying amounts of financial assets.

During the year ended December 31, 2024, AMTD Digital
Inc. injected 34,819,047 Class A ordinary shares into the Group in exchange for the issuance of the shares of the Company to AMTD
Digital Inc. with details disclosed in note 28. As of December 31, 2024, the carrying amount of the listed equity shares of AMTD
Digital Inc. is US$257,661,000.

Certain listed equity shares, unlisted equity shares and movie
income right investments are not held for trading. Instead, they are held for medium to long-term strategic purposes. The directors of
the Company do not expect to realize these investments within 12 months and, accordingly, these investments are classified as non-current
assets.

| 15. | ACCOUNTS RECEIVABLE |

|                                                                 |     | As of December 31, |       |     |         |       |     |         |       |
|                                                                 |     |               2022 |       |     |    2023 |       |     |    2024 |       |
|                                                                 |     |            US$’000 |       |     | US$’000 |       |     | US$’000 |       |
| Receivables from media and entertainment services               |     |                    | 2,759 |     |         | 5,228 |     |         | 4,973 |
| Receivables from hotel operations, hospitality and VIP services |     |                    |    72 |     |         |   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