Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 18

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 18
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 corporate structure, including our principal and other subsidiaries as of the date of this prospectus:

Our Holding Company
Structure

The Generation Essentials
Group is not an operating company but a holding company incorporated in the Cayman Islands as an exempted company. We conduct our operations
through our subsidiaries. The securities registered herein are securities of The Generation Essentials Group, not those of our operating
subsidiaries. Therefore, investors in The Generation Essentials Group are not acquiring equity interest in any operating company but instead
are acquiring interest in a Cayman Islands holding company. The holding company structure involves unique risks to investors. As a holding
company, The Generation Essentials Group may rely on dividends from its subsidiaries for cash requirements, including any payment of dividends
to its shareholders. The ability of subsidiaries of The Generation Essentials Group to pay dividends or make distributions to The Generation
Essentials Group may be restricted by laws and regulations applicable to them or the debt they incur on their own behalf or the instruments
governing their debt.

Recent Developments of
TGE

The following sets forth estimates
of our unaudited selected consolidated financial data as of and for the three months ended March 31, 2025 based on available
information to date. This financial data is not a comprehensive statement of our financial results as of and for the three months
ended March 31, 2025. Our actual results may differ materially from these estimates.

Revenues.We estimate
that our revenues for the three months ended March 31, 2025 were in the range of approximately US$25 million to US$26 million,
reflecting the expanded operation of L’Officieland The Art Newspaper, the additional contribution recognized from
our hotels as well as the 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.

Profit for the quarter.We
estimate that our profit for the three months ended March 31, 2025 was in the range of US$10 million to US$11 million.

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Property, plant and equipment.We estimate that our property, plant and equipment marginally increased from US$574.7 million as of December 31, 2024 to approximately US$580 million as of March 31, 2025, primarily due to the expansion of our hotel operation. Cash and bank balances.We estimate that our cash and bank balances were in the range of approximately US$9 million