Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 153

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 153
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$                             |        |   |     | US$  |        |   |     | US$  |        |   |
|                                                      |     | -in thousands                   |        |   |     |      |        |   |     |      |        |   |
| Net cash (used in) from operating activities         |     |                                 | (1,421 | ) |     |      |  1,132 |   |     |      |  4,567 |   |
| Net cash from investing activities                   |     |                                 |    247 |   |     |      |  6,700 |   |     |      |  3,312 |   |
| Net cash from (used in) financing activities         |     |                                 |  1,064 |   |     |      | (2,472 | ) |     |      |  6,232 |   |
| Net (decrease) increase in cash and cash equivalents |     |                                 |   (110 | ) |     |      |  5,360 |   |     |      | 14,111 |   |
| Cash and cash equivalents at beginning of year       |     |                                 |  1,268 |   |     |      |  1,208 |   |     |      |  6,121 |   |
| Effect of foreign exchange rate changes              |     |                                 |     50 |   |     |      |   (447 | ) |     |      |   (254 | ) |
| Cash and cash equivalents at end of year             |     |                                 |  1,208 |   |     |      |  6,121 |   |     |      | 19,978 |   |

<div align='center'>99</div>

To date, we have financed
our operating and investing activities primarily through cash generated from

operations, funding from our
Controlling Shareholder and bank borrowings. We had cash and bank balances of US$6.1 million and US$20.0 million as of December 31,
2023 and December 31, 2024, respectively. Cash and bank balances include demand deposits at banks, earning interest at floating rates
based on daily bank deposit rates for all the periods. The bank balances are deposited with creditworthy banks with no recent history
of default.

In connection with the Business
Combination, holders of 13,120,