Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 247

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 247
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 2022, 2023 and 2024                             |     | F-23         
 to F-25      |
| Consolidated                                                                                                     
 Statements of Cash Flows for the Years Ended December 31, 2022, 2023 and 2024                                    |     | F-26 to F-27 |
| Notes                                                                                                            
 to the Consolidated Financial Statements for the Years Ended December 31, 2022, 2023 and 2024                    |     | F-28 to F-79 |

<div align='center'>F-19

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID NO. 6783)</div>

To the shareholders and the Board of Directors of The Generation Essentials
Group

Opinion on the Financial Statements

We have audited the accompanying consolidated
statements of financial position of The Generation Essentials Group and its subsidiaries (formerly known as World Media and Entertainment
Universal Inc.) (collectively known as the “Group”) as of December 31, 2022, 2023 and 2024, the related consolidated
statements of profit or loss and other comprehensive income, changes in equity and cash flows the years ended December 31,
2022, 2023 and 2024 and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion,
the consolidated financial statements present fairly, in all material respects, the financial position of the Group as of December 31,
2022, 2023 and 2024, and the results of its operations and its cash flows for the years ended December 31, 2022, 2023 and 2024,
in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board.

Basis for Opinion

These financial statements are the responsibility
of the Group’s management. Our responsibility is to express an opinion on the Group’s financial statements based on our audits.
We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)
and are required to be independent with respect to the Group in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud.