Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 518

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 518
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 changes in equity. There were no changes on the Group’s approach to capital risk management during the years. 34.ACQUISITIONS OF SUBSIDIARIES For the year ended December 31, 2022 Acquisition of L’Officiel Inc SAS In April 2022, the intermediate holding company acquired 100% equity interest of L’Officiel Inc SAS. The consideration of the acquisition amounting to US$62,800,000 was paid by ultimate holding company on behalf of the Group. The transaction was completed in April 2022 and accounted for using acquisition accounting. No acquisition -relatedcost has been recognized as an expense for the year December 31, 2022. Assets and liabilities at the date of acquisition

|                                             |     | US$’000 |   |
| Cash and cash balances                      |     |     247 |   |
| Restricted cash                             |     |     477 |   |
| Accounts receivable                         |     |   1,855 |   |
| Prepayments, deposits and other receivables |     |   2,745 |   |
| Intangible assets                           |     |  92,294 |   |
| Accounts payable                            |     | (11,489 | ) |
| Other payables and accruals                 |     | (11,033 | ) |
| Provisions                                  |     |  (4,094 | ) |
| Borrowings                                  |     |    (585 | ) |
| Deferred tax liabilities                    |     |  (2,769 | ) |
| Net assets acquired                         |     |  67,648 |   |

F-77

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 34.ACQUISITIONS OF SUBSIDIARIES (cont.) The fair values and gross contractual amounts of accounts receivable and other receivables at the date of acquisition amounted to approximately US$1,855,000 and US$2,492,000, respectively. No accounts receivable and other receivables were expected to be uncollectible. Gain arising on acquisition

|                                                             |     |     US$ |   |
| Recognized amounts of net assets acquired                   |     |  67,648 |   |
| Less: consideration transferred by ultimate holding company |     | (62,800 | ) |