Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 279

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 279
---
 calculation requires the Group to estimate
the future cash flows from the cash-generating unit and a suitable discount rate in order to calculate the present value. Where the actual
future revenue are less than expected, or change in facts and circumstances which results in downward revision of future cash flows or
upward revision of discount rate, a material impairment loss or further impairment loss may arise. Details of the impairment assessment
of intangible assets are disclosed in note 12.

Revaluation measurement of properties

As at the end of the reporting period,
the Group’s properties are stated at revalued amounts based on the valuation performed by independent qualified professional valuers.
In determining the fair value, the valuers have based their valuation on income approach for respective properties, which involves certain
estimates, including appropriate discount rates and market transactions of comparable properties, as appropriate. In relying on the valuation,
management of the Group has exercised its judgement and is satisfied that the methods of valuation adopted are appropriate for the relevant
property and reflective of current market conditions. Details of the valuation methodology are disclosed in note 11.

| 4. | OPERATING SEGMENT INFORMATION |

The Group operates its businesses in
three operating segments: media and entertainment segment, hotel operations, hospitality and VIP services segment and strategic investment
segment.

The following summary describes the
operations in each of the Group’s operating and reportable segment:

| (a) | Media and entertainment                                                                            
 segment: The Group engages in the provision of print and digital advertising campaigns, licensing, 
 and value-added marketing services including branded content, video production, social media       
 activation, event creation, and experiential marketing, among other services.                      |

| (b) | Hotel operation, hospitality                                                                  
 and VIP services segment: The Group engages in hotel operations, hospitality and VIP services |

| (c) | Strategic investment                                                                      
 segment: The Group engages in proprietary investments and management of global investment 
 portfolio (including listed and unlisted equity shares investments and movie income right 
 investments).                                                                             |

Management closely monitors the performance
of the Group’s operating segments separately to support informed decisions on resource allocation and performance evaluation. 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, gain from a bargain purchase, finance costs