Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 502

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 502
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186,768 |     | 212,186 |     | 395,344 |

F-70

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 32.FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS The carrying amounts and fair values of the Group’s financial instruments measured at fair value are as follows:

|                                  |     | As of December 31, |     |         |     |         |
|                                  |     |               2022 |     |    2023 |     |    2024 |
|                                  |     |            US$’000 |     | US$’000 |     | US$’000 |
| Financial assets at FVTPL        |     |            123,921 |     |  77,801 |     | 420,544 |
| Derivative financial instruments |     |            185,069 |     |       — |     |  30,339 |
|                                  |     |            308,990 |     |  77,801 |     | 450,883 |

Management has assessed that the fair values of bank balances, accounts receivable, deposits and other receivables, amounts due from joint ventures, restricted cash, accounts payable, other payables and accruals, borrowings, amounts due to subsidiaries’ non -controllingshareholders and amount due to ultimate holding company approximate to their carrying amounts largely due to the short -termmaturities of these instruments or repayable on demand, or that they are interest -bearingat market rates. The Group’s finance department headed by the chief financial officer is responsible for determining the policies and procedures for the fair value measurement of financial instruments. The finance director reports directly to the chief financial officer. At each reporting date, the finance department analyzes the movements in the values of financial instruments and determines the major inputs applied in the valuation. The valuation is reviewed and approved by the chief financial officer. Some of the Group’s financial instruments are measured at fair value for financial reporting purposes. The management of the Company is responsible for determining the appropriate valuation techniques and inputs for fair value measurements. In estimating the fair value, the Group uses observable market data to the extent it is available. Where Level 1 inputs are not available, the Group refers to the prices of recent transactions or