Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 521

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 521
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 in profit or loss within the other gain line item in the consolidated statement of profit or loss and other comprehensive income. The transaction resulted in a bargain purchase gain, reflecting the financial and operating conditions of the acquiree at the time of acquisition and our competitive bargaining strategy over the seller. Net cash inflow on acquisition of The Art Newspaper SA

| Cash and cash equivalents balances acquired |     | 27 |

Impact of acquisition on the results of the Group Included in the consolidated profit for the year ended December 31, 2023 is the profit of US$45,000 attributable to the business generated by The Art Newspaper SA. Revenue for the year ended December 31, 2023 includes US$2 million generated from the acquisition. Had the acquisition of The Art Newspaper SA been completed on January 1, 2023, revenue for the year of the Group would have been US$46.6 million, and profit for the year would have been US$16.2 million. The pro forma information is for illustrative purposes only and is not necessarily an indication of revenue and results of the operations of the Group that actually would have been achieved had the acquisition been completed on January 1, 2023, nor is it intended to be a projection of future events.

F-79

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 34.ACQUISITIONS OF SUBSIDIARIES (cont.) For the year ended December 31, 2024 Acquisition of Singapore hotel companies On April 1, 2024, the Group agreed with another shareholder of Singapore hotel companies that the Group owns the controlling interests of Singapore hotel companies, accordingly, Singapore hotel companies became the non -whollyowned subsidiaries of the Group without change of the percentage of ownership. Assets and liabilities at the date of acquisition

|                                             |     |  US$’000 |   |
| Cash and cash balances                      |     |    4,273 |   |
| Accounts receivable                         |     |      920 |   |
| Prepayments, deposits and other receivables |     |      622 |   |
| Property, plant and equipment               |     |  349,061 |   |
| Accounts payable                            |     |     (116 | ) |
| Other payables and accruals                 |     |     (467 | ) |
|