Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 269

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 269
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 position and results of operations of a legal entity but
rather a combination of entities and business under common control of AMTD Group that reflect significant assumptions and allocations,
including the following:

| ● | The assets and liabilities of the entities subject to the                                                                              
 restructuring were reflected at their carrying amounts in AMTD Group. No adjustments were made to reflect fair values or recognize any 
 new assets or liabilities that would otherwise be done under the acquisition method.                                                   |

| ● | Any difference between transferred and the aggregate book                                                                   
 value of the assets and liabilities of the entities subject to the reorganization was reflected as an adjustment to equity. |

| ● | Include all revenues, expenses, assets and liabilities attributed                                                                       
 to the media and entertainment services, hotel operation, hospitality and VIP services and strategic investment business as part of the 
 reorganization;                                                                                                                         |

| ● | Under the pooling of interest method, each of the entities subject                     
 to the reorganization is accounted for as if it had always been part of the Group; and |

| ● | All intercompany transactions and balances have been eliminated 
 in combination.                                                 |

The preparation of consolidated financial statements in conformity
with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process
of applying the respective accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions
and estimates are significant to the consolidated financial statements are disclosed in note 2.2.

The reorganization of the Group is completed in November 2024
and the Company has become the holding company of the companies now comprising the Group since then. The consolidated statements of profit
or loss and other comprehensive income, consolidated statements of changes in equity and consolidated statements of cash flows have been
prepared to present the results, changes in equity and cash flows of the companies now comprising the Group, as if the group structure
upon the completion of the reorganisation had been in existence. The consolidated statements of financial position of the Group have been
prepared to present the assets and liabilities of the companies now comprising the Group as if the current group structure had been in
existence.

The Group’s consolidated financial statements have been
prepared in accordance with IFRSs and the Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”)
issued by the IASB. For the purpose of preparation of the consolidated financial statements, information is considered material if
such information is reasonably expected to influence decision made by primary users.

The consolidated financial statements have