Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 42

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 42
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.6%, 142.1% and
33.0%, and net fair value changes on financial assets at fair value through profit or loss accounted for 41.6%, (88.8)% and 34.2%, of
our total revenue, respectively. Our strategic investment portfolio primarily consists of investments in equity securities of public and
private companies. Making a sound investment decision requires us to carefully identify and select a target company based on its business,
financial condition, operations, and the industry in which it operates. In general, this process involves analytical assessment and estimation
of the target company’s profitability and sustainability. We may make unsound investment decisions due to fraudulent and concealed,
inaccurate or misleading statements from a target company in the course of our due diligence, which could lead us to mistakenly estimate
the value of the target company and affect our ability to derive profit from such investments. In addition, our understanding of and judgment
on the target company’s business and prospects, and the industry in which the target company operates may deviate and result in
inaccurate investment decisions.

Our investments are concentrated
in relatively few industries or sectors and our investment portfolio may be concentrated in certain geographic regions, individual investments,
or types of securities that may or may not be listed. Any significant decline in the value of our investment portfolio may therefore adversely
impact our business, results of operations, and financial condition.

In addition, we have limited
control over our investee companies. We do not have the necessary power to mandate or block material corporate actions. If these investee
companies fail to carry out business in a compliant manner, incur overly excessive amount of debt or go bankrupt, or the business operations
decline, the fair value of our investment in these companies may deteriorate or, in extreme cases, decrease to zero. We are subject to
the risk that the majority shareholders or the management of these investee companies may act in a manner that does not serve the investee
companies’ interests. The general operational risks, such as inadequate or failing internal control of these investee companies,
the compliance risks, such as any lack of requisite approvals for investee companies’ businesses, and legal risks, such as violation
of laws and regulations or fraudulent or otherwise improper activities, may also expose our investments to risks. Furthermore, these investee
companies may fail to abide by their agreements with us, for which we may have limited or no recourse. These investee companies may not
declare dividend, or even if they do