Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 294

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 294
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for its operations. Lease contracts are entered into for fixed term of 3 to 6 years. Lease terms are negotiated on an individual
basis and contain different terms and conditions. In determining the lease term and assessing the length of the non-cancellable period,
the Group applies the definition of a contract and determines the period for which the contract is enforceable.

The Group regularly entered short-term
leases for offices. As of December 31, 2022, 2023 and 2024, the portfolio of short-term leases is similar to the portfolio of short-term
leases to which the short-term lease expense disclosed above.

| 12. | INTANGIBLE ASSETS |

|                                       |     | Archived 
 images   |     |   |     | Brand   
 names   |         |   |     | Total   |         |   |
|                                       |     | US$’000  |     |   |     | US$’000 |         |   |     | US$’000 |         |   |
| CARRYING AMOUNT                       |     |          |     |   |     |         |         |   |     |         |         |   |
| As of January 1, 2022                 |     |          |   — |   |     |         |     172 |   |     |         |     172 |   |
| Acquisition of subsidiaries (note 34) |     |          | 497 |   |     |         |  91,797 |   |     |         |  92,294 |   |
| Amortization for the year             |     |          |   — |   |     |         |      (9 | ) |     |         |      (9 | ) |
| Exchange realignment                  |     |          |   3 |   |     |         |     582 |   |     |         |     585 |   |
| As of December 31, 2022               |     |          | 500 |   |     |         |  92,542 |   |     |         |  93,042 |   |
| Acquisition of subsidiaries (note 34) |     |          |   — |   |     |         |  25,752 |   |     |         |  25,752 |   |
| Amortization for the year             |     |          |   — |   |     |         |      (9