Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 255

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 255
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hotel operation, hospitality and VIP services and strategic investment business, which have operated under AMTD Group during the years
ended December 31, 2022, 2023 and 2024. The consolidated financial statements do not represent the financial position and results
of operations of a legal entity but rather a combination of entities and business under common control of AMTD Group that reflect significant
assumptions and allocations, including the following:

| ● | The assets and                                                                              
 liabilities of the entities subject to the restructuring were reflected at their carrying   
 amounts in AMTD Group. No adjustments were made to reflect fair values or recognize any new 
 assets or liabilities that would otherwise be done under the acquisition method.            |

| ● | Any difference                                                                                 
 between transferred and the aggregate book value of the assets and liabilities of the entities 
 subject to the reorganization was reflected as an adjustment to equity.                        |

| ● | Include all revenues,                                                                      
 expenses, assets and liabilities attributed to the media and entertainment services, hotel 
 operation, hospitality and VIP services and strategic investment business as part of the   
 reorganization;                                                                            |

| ● | Under the pooling                                                                          
 of interest method, each of the entities subject to the reorganization is accounted for as 
 if it had always been part of the Group; and                                               |

| ● | All intercompany                                               
 transactions and balances have been eliminated in combination. |

The preparation of consolidated financial
statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise
its judgement in the process of applying the respective accounting policies. The areas involving a higher degree of judgement or complexity,
or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in note 2.2.

The reorganization of the Group is
completed in November 2024 and the Company has become the holding company of the companies now comprising the Group since then.
The consolidated statements of profit or loss and other comprehensive income, consolidated statements of changes in equity and consolidated
statements of cash flows have been prepared to present the results, changes in equity and cash flows of the companies now comprising
the Group, as if the group structure upon the completion of the reorganisation had been in existence. The consolidated statements of
financial position of the Group have been prepared to present the assets and liabilities of the companies now comprising the Group as
if the current group structure had been in existence.

The Group’s consolidated financial
statements have been prepared in accordance with IFRSs and the Interpret