Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 276

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 276
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 of specialized staff and direct operating costs
consistently with the Group’s profit (loss) before tax from operations. Other income, gain from a bargain purchase, finance costs,
impairment loss under ECL model on financial assets and corporate expenses such as staff costs not directly attributable to segments,
short-term leases and administrative expenses are excluded from such measurement.

<div align='center'>F-46

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

| 4. | OPERATING SEGMENT INFORMATION (cont.) |

Segment assets exclude prepayments,
deposits and other receivables and cash and bank balances, as these assets are managed on a group basis.

Segment liabilities exclude tax payable,
borrowings, amount due to ultimate holding company, lease liabilities and deferred tax liabilities as these liabilities are managed on
a group basis.

Segment revenue and results

The following tables present information
by segment:

For the year ended December 31, 2022

|                                                       |     | Media and     
 entertainment |       |     | Hotel        
 operation,   
 hospitality  
 and          
 VIP services |       |     | Strategic  
 investment |        |     | Total   |        |   |
|                                                       |     | US$’000       |       |     | US$’000      |       |     | US$’000    |        |     | US$’000 |        |   |
| Segment revenue (Note 5)                              |     |               |       |     |              |       |     |            |        |     |         |        |   |
| Revenue                                               |     |               |       |     |              |       |     |            |        |     |         |        |   |
| – from contract with customers                        |     |               | 7,670 |     |              | 3,201 |     |            |      — |     |         | 10,871 |   |
| – other                                               |     |               |     — |     |              |     — |     |            | 20,392 |     |         | 20,392 |   |
|                                                       |     |               | 7,670 |     |              | 3,201 |     |            | 20,392 |     |         | 31,263 |   |
|