Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 356

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 356
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 implemented on a timely and effective manner.

Equity price risk is the risk that the fair values of equity
investments decrease as a result of changes in the levels of equity indices and the value of individual securities.

The Group is exposed to equity securities price risk because
certain investments held by the Group are classified in the consolidated statements of financial position as financial assets at FVTPL. Profit
for the year would increase/decrease as a result of gains/losses on equity securities classified as financial assets at FVTPL.

As of December 31, 2022, 2023 and 2024, if there had
been a 5% increase/decrease in the equity price of listed equity shares, included in financial assets at FVTPL, with all other variables
held constant, the Group’s profit before tax would have been approximately US$5,524,000, US$3,603,000 and US$20,376,000, respectively,
higher/lower.

The Group had concentration risk in two listed equity shares
as of December 31, 2022 and 2023. As of December 31, 2024, the Group had concentration risk in equity shares in AMTD Digital
Inc. and two listed equity shares.

On April 1, 2019, the Group entered Agreements with the
counterparty in relation to the movement of the share price of the entirety of the Underlying Assets to reduce the Group’s exposure
the changes in fair value of financial assets. The derivative financial asset is initially recognized at fair value and are subsequently
remeasured at fair value. Any gains or losses arising from changes in fair value of derivative financial asset are taken directly to profit
or loss.

<div align='center'>F-93

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 33. | FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 
 (cont.)                                           |

No sensitivity analysis is prepared on unlisted equity shares
and movie income right investments as the directors of the Company consider that the impact on the price risk of the Group is insignificant.

Certain transactions of the Group are denominated in foreign
currencies which are different from the functional currency of group entities, and therefore the Group is exposed to foreign currency
risk. The Group currently does not have a