Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 355

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 355
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 to US$17.2 million in 2023. Liquidity and Capital Resources Cash Flows and Working Capital To date, we have financed our operating and investing activities primarily through cash generated from operations, funding from our Controlling Shareholder and bank borrowings. We had cash and bank balances of US$6.1 million and US$20.0 million as of December 31, 2023 and December31, 2024, respectively. Cash and bank balances include demand deposits at banks, earning interest at floating rates based on daily bank deposit rates for all the periods. The bank balances are deposited with creditworthy banks with no recent history of default. 220

The following table sets forth a summary of our cash flows for the years indicated.

| 2022                                                 |     | For the Year Ended December 31, | 2023 |     |        | 2024 |     |        |   |
|:-----------------------------------------------------|:----|--------------------------------:|:-----|:----|-------:|:-----|:----|-------:|:--|
| US$                                                  |     |                                 | US$  |     |        | US$  |     |        |   |
| (in thousands)                                       |     |                                 |      |     |        |      |     |        |   |
| Net cash (used in) from operating activities         |     |                          (1,421 | )    |     |  1,132 |      |     |  4,567 |   |
| Net cash from investing activities                   |     |                             247 |      |     |  6,700 |      |     |  3,312 |   |
| Net cash from (used in) financing activities         |     |                           1,064 |      |     | (2,472 | )    |     |  6,232 |   |
| Net (decrease) increase in cash and cash equivalents |     |                            (110 | )    |     |  5,360 |      |     | 14,111 |   |
| Cash and cash equivalents at beginning of year       |     |                           1,268 |      |     |  1,208 |      |     |  6,121 |   |
| Effect of foreign exchange rate changes              |     |                              50 |      |     |   (447 | )    |     |   (254 | ) |
| Cash and