Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 496

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 496
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 made to the Agreements to reflect the reduction in the number of underlying listed shares. In December 2023, the Group terminated the Upside Participation and Profit Distribution Agreements with the counterparty. The Agreements satisfied the definition of derivative financial instrument in accordance with IFRS 9 and were stated at fair value with any subsequent changes recognized in profit or loss.

|                      |     | As of December 31, |   |     |          |   |     |         |
|                      |     |               2022 |   |     |     2023 |   |     |    2024 |
|                      |     |            US$’000 |   |     |  US$’000 |   |     | US$’000 |
| As of January 1,     |     |            124,404 |   |     |  167,388 |   |     |       — |
| Change in fair value |     |             44,461 |   |     |        — |   |     |       — |
| Gain on disposal     |     |                486 |   |     |   34,234 |   |     |       — |
| Settlement           |     |             (1,963 | ) |     | (201,411 | ) |     |       — |
| Exchange realignment |     |                  — |   |     |     (211 | ) |     |       — |
| As of December 31,   |     |            167,388 |   |     |        — |   |     |       — |

Future Settlement Contract In June 2022, the Group entered into a future settlement contract with the counterparty, pursuant to which the Group is entitled to receive certain listed equity shares at a mutually agreed price at approximately US$53,272,000 in aggregate (the “Future Settlement Contract”) within one year. The fair value of the underlying shares as of December 31, 2022 was approximately US$70,953,000. The Future Settlement Contract was accounted for as a derivative financial asset and the net fair value gain recognized in profit or loss was approximately US$17,681,000 for the year ended December 31, 2022. During the year ended December 31, 2023, the Agreement was terminated and fully settled with the counterparty with the consideration of approximately US$17,681,000. Price Protection Agreement AMTD Group Inc. and the Company entered into