Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 266

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 266
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   3,743 |   |     |         |   2,814 |   |     |         |  34,864 |   |
| Net cash from (used in) financing activities                                             |     |    |       |                         |   1,064 |   |     |         |  (2,472 | ) |     |         |   6,232 |   |

<div align='center'>The accompanying notes are an integral part of
the combined financial statements.

F-29

THE GENERATION ESSENTIALS GROUP
consolidated STATEMENTS OF CASH FLOWS — (Continued)
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

|                                                        |     |     | Notes | Year ended December 31, |  2022 |   |     |         |  2023 |   |     |         |   2024 |   |
|:-------------------------------------------------------|:----|:----|:------|:------------------------|------:|:--|:----|:--------|------:|:--|:----|:--------|-------:|:--|
|                                                        |     |     |       | US$’000                 |       |   |     | US$’000 |       |   |     | US$’000 |        |   |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS   |     |     |       |                         |  (110 | ) |     |         | 5,360 |   |     |         | 14,111 |   |
| Cash and cash equivalents at the beginning of the year |     |     |       |                         | 1,268 |   |     |         | 1,208 |   |     |         |  6,121 |   |
| Effect of foreign exchange rate change, net            |     |     |       |                         |    50 |   |     |         |  (447 | ) |     |         |   (254 | ) |
| CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR       |     |     |       |                         | 1,208 |   |     |         | 6,121 |   |     |         | 19,978 |   |
| ANALYSIS OF BALANCES OF CASH AND CASH EQUI