Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 304

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 304
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3 |   |     |         |     709 |   |     |         |     712 |   |
| As of December 31, 2024               |     |          | 502 |   |     |         | 118,879 |   |     |         | 119,381 |   |

The above carrying amounts of brand names of approximately
US$92,379,000, US$118,025,000 and US$118,733,000 and archived images of approximately US$500,000, US$499,000 and US$502,000, respectively,
as of December 31, 2022, 2023 and 2024 are considered by the directors of the Company as having an indefinite useful life because
it is expected to contribute to net cash inflows indefinitely. The brand names and archived images will not be amortized until its useful
life is determined to be finite. Instead they will be tested for impairment annually and whenever there is an indication that it may be
impaired.

The remaining brand name of approximately US$163,000, US$154,000
and US$146,000, respectively, as of December 31, 2022, 2023 and 2024 are amortized on a straight-line basis of 20 years.

As of December 31, 2022, 2023
and 2024, carrying amount of brand name of approximately US$92,379,000, US$92,216,000 and US$92,769,000, respectively, and archived
images of US$500,000, US$499,000 and US$502,000, respectively, are allocated to cash-generating unit of the business unit under
“L’Officiel”. For the purpose of impairment testing, the recoverable amount of this cash-generating unit has been
determined based on a value in use calculation. That calculation uses cash flow projections based on financial budgets approved by
management covering a 5-year period, and pre-tax approximate discount rate of 11%. Cash flows beyond the 5-year period are
extrapolated using a steady 1.6% to 2.1% growth rate. This growth rate is based on the relevant industry growth forecasts and does
not exceed the average long-term growth rate for the relevant industry. Other key assumptions for the value in use calculations relate
to the estimation of cash inflows/outflows which include budgeted sales and gross