Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 358

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 358
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2.6 million and repayment to subsidiaries’ non -controllingshareholders of US$2.1 million, partially offset by net receipt from amount due to ultimate holding company of US$2.8 million. Cash generated from financing activities in 2022 was US$1.1 million, consisting primarily of new bank borrowing raised of US$5.3 million and net receipt from amount due to ultimate holding company of US$3.7 million, partially offset by repayment to subsidiaries’ non -controllingshareholders of US$6.4 million and interest paid of US$1.6 million. Material Cash Requirements Our material cash requirements as of December31, 2024 and any subsequent interim period primarily include (i) borrowings, (ii) amount due to our ultimate holding company, (iii) amounts due to non -controllingshareholders of our subsidiaries, and (iv) lease liabilities. Our borrowings mainly comprise of secured bank borrowings of US$219.6 million, which are denominated in Hong Kong dollars, Singapore dollars and USD, and unsecured bank borrowings of US$25 thousands. Except for bank borrowings of US$11.0 million carrying a fixed -rateinterest of 5.0% per annum, other bank borrowings carry variable interest rates with a weighted average contractual interest rate of 4.03% per annum as of December31, 2024. Our amount due to our ultimate holding company mainly consists of interest -freecurrent account with our ultimate holding company. The amount will be waived by our ultimate holding company upon Closing. Our amounts due to non -controllingshareholders of our subsidiaries consists of interest -freecurrent account of US$63.0 million as of December31, 2024. In August 2024, interest bearing balance of US$29.5 million was settled through the current account of our ultimate holding company and the non -controllingshareholders. Our lease liabilities primarily consist of certain outstanding lease obligations of our offices. The following table sets forth our material cash requirements as of December31, 2024.

|                                                          |     |                                   |     | Payment Due by Period |     |           |
|                                                          |     |                             Total |     |                Within 
              One Year |     | More Than 
  One Year |
|                                                          |     |                               US$ |     |                   US$ |     |       US$ |
|                                                          |     | -in thousands, except percentages |