Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 365

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 365
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|                                             |     | US$’000 |        |   |
| Cash and cash balances                      |     |         |     27 |   |
| Accounts receivable                         |     |         |    674 |   |
| Prepayments, deposits and other receivables |     |         |    301 |   |
| Property, plant and equipment               |     |         |    333 |   |
| Intangible assets                           |     |         | 25,752 |   |
| Accounts payable                            |     |         |   (402 | ) |
| Other payables and accruals                 |     |         | (1,724 | ) |
| Borrowings                                  |     |         |    (37 | ) |
| Lease liabilities                           |     |         |   (244 | ) |
| Contract liabilities                        |     |         |   (419 | ) |
| Deferred tax liabilities                    |     |         | (2,961 | ) |
| Net assets acquired                         |     |         | 21,300 |   |

The fair values and gross contractual amounts of accounts
receivable and other receivables at the date of acquisition amounted to of approximately US$674,000 and US$301,000, respectively. No accounts
receivable and other receivables were expected to be uncollectible.

Gain arising on acquisition

|                                                             |     | US$ |         |   |
| Recognized amounts of net assets acquired                   |     |     |  21,300 |   |
| Less: consideration transferred by ultimate holding company |     |     | (16,831 | ) |
|                                                             |     |     |   4,469 |   |

Bargain purchase gain amounting to approximately US$4,469,000
acquisition of The Art Newspaper SA is recognized in profit or loss within the other gain line item in the consolidated statement of profit
or loss and other comprehensive income. The transaction resulted in a bargain purchase gain, reflecting the financial and operating conditions
of the acquiree at the time of acquisition and our competitive bargaining strategy over the seller.

Net cash inflow on acquisition of The Art Newspaper SA

| Cash and cash equivalents balances acquired |     | 27 |

Impact of acquisition on the results of the Group

Included in the consolidated profit for the year ended December 31,
2023 is the profit of US$45,000 attributable to the business generated by The Art Newspaper SA. Revenue for the year ended December