Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 307

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 307
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14. | FINANCIAL ASSETS AT FVTPL |

|                                |     | As of December 31, |         |     |         |        |     |         |         |
|                                |     |               2022 |         |     |    2023 |        |     |    2024 |         |
|                                |     |            US$’000 |         |     | US$’000 |        |     | US$’000 |         |
| Listed equity shares           |     |                    | 110,474 |     |         | 72,052 |     |         | 407,510 |
| Unlisted equity shares         |     |                    |     200 |     |         |    200 |     |         |     902 |
| Movie income right investments |     |                    |  13,247 |     |         |  5,549 |     |         |  12,132 |
| Total                          |     |                    | 123,921 |     |         | 77,801 |     |         | 420,544 |
| Shown as:                      |     |                    |         |     |         |        |     |         |         |
| – current assets               |     |                    |  21,219 |     |         | 17,558 |     |         |  25,207 |
| – non-current assets           |     |                    | 102,702 |     |         | 60,243 |     |         | 395,337 |
|                                |     |                    | 123,921 |     |         | 77,801 |     |         | 420,544 |

<div align='center'>F-61

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 14. | FINANCIAL ASSETS AT FVTPL (cont.) |

During the year ended December 31, 2022, 2023 and 2024,
the Group entered into movie income right agreements with certain production houses. The Group is entitled to certain percentage of the
variable profit derived from the release of the films upon entering into relevant agreements. The Group may be required to further contribute
to the movie production programs due to the budget overruns. Any agreed further contribution