Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 261

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 261
---
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-35

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 joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of 
 the other entity);                                                                       |

| (iii) | the entity and the                                
 Group are joint ventures of the same third party; |

| (iv) |