Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 186

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 186
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 their particular circumstances.

THIS SUMMARY DOES NOT
PURPORT TO BE A COMPREHENSIVE ANALYSIS OR DESCRIPTION OF ALL POTENTIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF ACQUIRING, OWNING AND DISPOSING
OF SECURITIES. HOLDERS OF SECURITIES SHOULD CONSULT WITH THEIR TAX ADVISORS REGARDING THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE ACQUISITION,
OWNERSHIP AND DISPOSITION OF SECURITIES, INCLUDING THE APPLICABILITY AND EFFECTS OF U.S. FEDERAL, STATE, LOCAL, AND OTHER TAX LAWS.

As used herein, a “U.S. Holder”
is a beneficial owner of the Securities who or that is, for U.S. federal income tax purposes:

| ● | an individual citizen or resident of the United States, |

| ● | a corporation (or other entity that is treated as a corporation                                                                 
 for U.S. federal income tax purposes) that is created or organized (or treated as created or organized) in or under the laws of 
 the United States or any state thereof or the District of Columbia,                                                             |

| ● | an estate whose income is subject to U.S. federal income tax regardless of its source, or |

<div align='center'>119</div>

| ● | a trust if (1) a U.S. court can exercise primary supervision over the administration of such trust                               
 and one or more U.S. persons have the authority to control all substantial decisions of the trust or (2) it has a valid election 
 in place to be treated as a U.S. person.                                                                                         |

Taxation of Dividends
and Other Distributions on Class A Ordinary Shares

As stated under “Dividend
Policy”, we do not intend to pay any dividends or pay distributions in the near future. If we do make a distribution of cash or
other property to a U.S. Holder of the Class A Ordinary Shares, however, subject to the PFIC rules discussed below, such distributions
will generally be treated as a dividend for U.S. federal income tax purposes to the extent the distribution is paid out of our current
or accumulated earnings and profits (as determined under U.S. federal income tax principles). Such dividends will be taxable to a
corporate U.S. Holder at regular rates and will not be eligible for the dividends-received deduction generally allowed to domestic
corporations in respect of dividends received from other domestic corporations.

Distributions in excess of
such earnings and