Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 296

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 296
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         |   111 |     |         | 1,484 |
| Total                                                           |     |                    | 2,831 |     |         | 5,339 |     |         | 6,457 |

The Group allows a credit period of
up to 90 days to its accounts receivables arising from media and entertainment business. The settlement terms of accounts receivable
from hotel operations, hospitality and VIP services are specific terms mutually agreed between the contracting parties.

The Group seeks to maintain strict
control over its outstanding receivables and has a credit control team to minimize credit risk. Overdue balances are reviewed regularly
by management of the Group. The Group does not hold any collateral over its accounts receivable. The directors of the Company assess
that there has been no significant increase in credit risk or defaults, owing to the debtor’s background and their established
history of payment arrangements. The Group does not hold any collateral over these balances.

|                  |     | As of December 31, |       |     |         |       |     |         |       |
|                  |     |               2022 |       |     |    2023 |       |     |    2024 |       |
|                  |     |            US$’000 |       |     | US$’000 |       |     | US$’000 |       |
| Not yet due      |     |                    | 1,743 |     |         | 2,454 |     |         | 3,399 |
| Past due         |     |                    |       |     |         |       |     |         |       |
| – within 1 month |     |                    |   843 |     |         |   595 |     |         |   780 |
| – 1 to 3 months  |     |                    |   155 |     |         | 1,204 |     |         | 1,106 |
| – Over 3 months  |     |                    |    90 |     |         | 1,086 |     |         | 1,172 |
| Total            |     |                    | 2,831 |     |         | 5,339 |     |         | 6,457 |

The Group has applied the lifetime
ECL to measure the loss allowance and the ECL is performed on a collective basis. An impairment analysis of accounts receivable is performed
at each reporting date using probability of