Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 314

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 314
---
) for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or a cash-generating
unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or a cash-generating unit) is reduced to its
recoverable amount. For corporate assets or portion of corporate assets which cannot be allocated on a reasonable and consistent basis
to a cash-generating unit, the Group compares the carrying amount of a group of cash-generating units, including the carrying amounts
of the corporate assets or portion of corporate assets allocated to that group of cash-generating units, with the recoverable amount of
the group of cash-generating units. In allocating the impairment loss, the impairment loss is allocated first to reduce the carrying amount
of any goodwill (if applicable) and then to the other assets on a pro-rata basis based on the carrying amount of each asset in the unit
or the group of cash-generating units. The carrying amount of an asset is not reduced below the highest of its fair value less costs of
disposal (if measurable), its value in use (if determinable) and zero. The amount of the impairment loss that would otherwise have been
allocated to the asset is allocated pro rata to the other assets of the unit or the group of cash-generating units. An impairment loss
is recognized immediately in profit or loss.

A party is considered to be related to the Group if:

| (a) | the party is a person or a close member of that person’s 
 family and that person                                   |

| (i) | has control or joint control over the Group; |

<div align='center'>F-57

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

| 2. | APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS 
 (cont.)                                                    |

| (ii) | has significant influence over the Group; or |

| (iii) | is a member of the key management personnel of the Group 
 or of a parent of the Group; or                          |

| (b) | the party is an entity where any of the following conditions 
 applies:                                                     |

| (i) | the entity and the Group are members of the same group; |

| (ii) | one entity is an associate or