Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 287

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 287
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   |     |              |      |   |     |         |         |   |
| As of December 31, 2022               |     |            | 173,126 |   |     |           |   — |   |     |              |  219 |   |     |         | 173,345 |   |
| As of December 31, 2023               |     |            | 194,635 |   |     |           | 122 |   |     |              |  352 |   |     |         | 195,109 |   |
| As of December 31, 2024               |     |            | 574,099 |   |     |           |  91 |   |     |              |  503 |   |     |         | 574,693 |   |

The above items of property, plant
and equipment are depreciated on a straight-line basis at the following rates per annum:

| Properties          |     | Over the shorter of 40 years  
 and the remaining lease terms |
| Computer equipment  |     | 33⅓%                          |
| Right-of-use assets |     | Over the lease term           |

<div align='center'>F-54

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

| 11. | PROPERTY, PLANT AND EQUIPMENT (cont.) |

As of December 31, 2022, 2023
and 2024, the Group’s properties are stated at revalued amounts of approximately US$173,126,000, US$194,635,000 and US$574,099,000,
respectively. The fair value of the Group’s properties of US$173,126,000, US$179,221,000 and US$574,099,000, respectively, as of
December 31, 2022, 2023 and 2024 is a Level 3 fair value measurement. During the year ended December 31, 2024, a property with
carrying amount of US$15,414,000 as of December 31, 2023 transferred from Level 2 to Level 3 fair value measurement.

In determining the fair values of the
properties, the Group engages an independent qualified professional valuer