Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 346

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 346
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able amounts of the above cash-generating units are higher than the carrying amounts and there is no
impairment of the related intangible assets allocated to these cash-generating units. Management of the Group believes that any reasonably
possible changes in any of these assumptions would not cause the carrying amount of cash-generating unit 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 |     |         | — |
|                                                                 |     |                    | 69,330 |     |         | 71,876 |     |         | — |
| Due from joint ventures                                         |     |                    | 30,554 |     |         | 23,810 |     |         | — |
| Total                                                           |     |                    | 99,884 |     |         | 95,686 |     |         | — |

Amounts due from joint ventures are unsecured, interest-free
and repayable on demand.

Particulars of the joint ventures which own and operate the
DAO by Dorsett AMTD Singapore Hotel in Singapore (“Singapore hotel companies”) as of December 31, 2022 and 2023 are as
follows:

| Name                     |     | Particulars     
 of issued       
 shares held     |     | Place of       
 incorporation/ 
 registration   
 and business   |     | Percentage of  
 ownership      
 interest,      
 voting         
 power and      
 profit sharing |    |   |     | Principal          
 activity           |
| Cosmic Gold Limited      |     | Ordinary shares |     | BVI            |     |                | 51 | % |     | Investment holding |
| DHI Holding (S) Pte Ltd. |     | Ordinary shares |     | Singapore      |     |                |