Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 346

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 346
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     |  12.8 |     | 23,132 |     |  30.0 |
| Strategic investment                                     |     |                          20,392 |     |  65.2 |     | 22,698 |     |  53.3 |     | 35,023 |     |  45.5 |
| Total                                                    |     |                          31,263 |     | 100.0 |     | 42,543 |     | 100.0 |     | 77,014 |     | 100.0 |

Year Ended December 31, 2023 Compared to Year Ended December 31, 2024 Revenue Our revenue increased from US$42.5million in 2023 to US$77.0 million in 2024. Segment Revenue Our segment revenue from the media and entertainment segment increased from US$14.4 million in 2023 to US$18.9 million in 2024, primarily due to the successful operations and expansions of L’Officiel, as well as the full year impact of our acquisition of The Art Newspaper in October 2023. Our segment revenue from the hotel operation, hospitality and VIP services segment increased from US$5.4million in 2023 to US$23.1 million in 2024, primarily due to the additional contribution recognized from our hotels to the segment revenue. Our segment revenue from the strategic investment segment increased from US$22.7million in 2023 to US$35.0 million 2024, primarily due to the net effect of (i) the unrealized gain on our listed shares investments of US$26.3 million for 2024, as compared with an unrealized loss of US$37.8 million recognized for 2023 mainly due to fluctuation in the stock market affecting the fair value of the listed shares of Bank of Qingdao and Guangzhou Rural Commercial Bank which we hold as investments, and (ii) a decrease in the realized gain on disposed investments of US$50.5million as we disposed of certain film investments in 2023 whereas no investment was disposed of during 2024. Cost of production and cost of hotel operation Our cost of production and cost of hotel operation increased from US$5.9million in 2023 to US$15.6 million in 2024. Our cost of production increased from US$3.8million in 2023 to US$7.1million in