Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 233

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 233
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’s operating segments separately for the purpose of making decisions about resources allocation and performance assessment.
Segment performance is evaluated based on reportable segment result, which is a measure of profit (loss) before tax from operations.
The profit (loss) before tax from operations is measured after allocation of attributable costs of specialized staff and direct operating
costs consistently with the Group’s profit (loss) before tax from operations. Other income, finance costs, and corporate expenses
such as staff costs not directly attributable to segments, short-term leases and administrative expenses are excluded from such measurement.

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.

<div align='center'>F-9

THE GENERATION ESSENTIALS GROUP

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE six months ended June 30, 2025</div>

| 4. | OPERATING SEGMENT INFORMATION - continued |

Segment revenue and results

The following tables present information by segment:

For the six months ended June 30, 2025 (unaudited)

|                                                     |     | Media and     
 entertainment |       |     | Hotel        
 operation,   
 hospitality  
 and          
 VIP services |        |   |     | Strategic  
 investment |        |     | Total   |         |   |
|                                                     |     | US$’000       |       |     | US$’000      |        |   |     | US$’000    |        |     | US$’000 |         |   |
| Segment revenue                                     |     |               |       |     |              |        |   |     |            |        |     |         |         |   |
| Revenue                                             |     |               |       |     |              |        |   |     |            |        |     |         |         |   |
| - from contract with customers                      |     |               | 9,976 |     |              | 12,668 |   |     |            |      — |     |         |  22,644 |   |
| - other                                             |     |               |     — |     |              |      — |   |     |            | 64,785 |     |