Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 499

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 499
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 assumptions for the value in use calculations relate to the estimation of cash inflows/outflows which include budgeted sales and gross margin, such estimation is based on the L’Officiel’s past performance and management’s expectations for the market development. As of December 31, 2023 and 2024, carrying amount of brand name of approximately US$25,809,000 and US$25,964,000, respectively, are allocated to cash -generatingunit of the business unit under “The Art Newspaper”. For the purpose of impairment testing, the recoverable amount of this cash -generatingunit has been determined based on a value in use calculation. That calculation uses cash flow projections based on financial budgets approved by management covering a 5 -yearperiod, and pre -taxapproximate discount rate of 10.3%. Cash flows beyond the 5 -yearperiod are extrapolated using a steady 1.8% to 2.1% growth rate. This growth rate is based on the relevant industry growth forecasts and does not exceed the average long -termgrowth rate for the relevant industry. Other key assumptions for the value in use calculations relate to the estimation of cash inflows/outflows which include budgeted sales and gross margin, such estimation is based on The Art Newspaper’s past performance and management’s expectations for the market development. Based on the results of the assessments, management of the Group determined that the recoverable amounts of the above cash -generatingunits are higher than the carrying amounts and there is no impairment of the related intangible assets allocated to these cash -generatingunits. Management of the Group believes that any reasonably possible changes in any of these assumptions would not cause the carrying amount of cash -generatingunit to exceed its recoverable amount. 13.INTERESTS IN JOINT VENTURES

|                                                                 |     | As of December 31, |     |         |     |         |
|                                                                 |     |               2022 |     |    2023 |     |    2024 |
|                                                                 |     |            US$’000 |     | US$’000 |     | US$’000 |
| Costs of investment in joint ventures                           |     |             16,535 |     |  16,506 |     |       — |
| Share of post-acquisition losses and other comprehensive income |     |             52,795 |     |  55,370 |     |       — |
|                                                                 |     |             69,