Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 97

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 97
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 for the entire period
presented. If the maximum number of shares are redeemed, this calculation is retroactively adjusted to eliminate such shares for the entire
period.

|                                                                              |     | Year ended December 31, 2024 |            |   |
|:-----------------------------------------------------------------------------|:----|:-----------------------------|-----------:|:--|
| Pro forma loss attributable to the owners of The Generation Essentials Group |     |                              |     (9,279 | ) |
| Weighted average shares outstanding                                          |     |                              |            |   |
| – Basic and diluted                                                          |     |                              | 48,461,070 |   |
| Pro forma loss per share                                                     |     |                              |            |   |
| – Basic and diluted                                                          |     |                              |      (0.19 | ) |

<div align='center'>55

USE
OF PROCEEDS</div>

We will receive proceeds of
up to an aggregate of approximately US$186,530,000 from the exercise of the Warrants if all of the Warrants are exercised for cash. We
expect to use the net proceeds from the exercise of Warrants for general corporate purposes. The likelihood that warrant holders will
exercise the Warrants and any cash proceeds that we would receive are dependent upon the market price of the Class A Ordinary Shares,
among other things. If the market price for the Class A Ordinary Shares is less than US$11.50 per share, we believe warrant holders
will be unlikely to exercise their Warrants. There is no assurance that the Warrants will be “in the money” prior to their
expiration or that the warrant holders will exercise their Warrants. Holders of the Sponsor Warrants have the option to exercise the Sponsor
Warrants on a cashless basis in accordance with the Warrant Agreement. To the extent that any Warrants are exercised on a cashless basis,
the amount of cash we would receive from the exercise of the Warrants will decrease.

We will not receive any proceeds
from any sale of the securities registered hereby by the Selling Securityholders. With respect to the registration of the securities being
offered by the Selling Securityholders, the Selling Securityholders will pay any underwriting discounts and commissions incurred by them
in disposing of such securities, and fees and expenses of legal counsel representing the Selling Securityholders. We have borne all other
costs, fees and expenses incurred in effecting the registration of the Registered Securities, such as registration and filing fees and
fees of our