Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 320

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 320
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 (127 | ) |     |               |       — |   |     |          |  (7,828 | ) |     |         |  (8,347 | ) |
| Non-cash transactions            |     |            |    (643 | ) |     |             |  544 |   |     |               |   2,066 |   |     |          |   4,138 |   |     |         |   6,105 |   |
| Cash flows                       |     |            | (10,481 | ) |     |             | (410 | ) |     |               | (17,741 | ) |     |          |  34,864 |   |     |         |   6,232 |   |
| Exchange realignment             |     |            |    (268 | ) |     |             |    — |   |     |               |     745 |   |     |          |   1,252 |   |     |         |   1,729 |   |
| As of December 31, 2024          |     |            | 219,609 |   |     |             |  520 |   |     |               |  63,019 |   |     |          | 102,622 |   |     |         | 385,770 |   |

| 30. | RELATED PARTY TRANSACTIONS |

In addition to the transactions disclosed elsewhere in these
consolidated financial statements, the Group had the following transactions with related parties during the year:

|                           |     | Year ended December 31, |    2022 |     |     |    2023 |     |     |    2024 |
|:--------------------------|:----|:------------------------|--------:|:----|:----|--------:|:----|:----|--------:|
|                           |     |                         | US$’000 |     |     | US$’000 |     |     | US$’000 |
| Marketing services income |     |                         |   2,888 |     |     |   2,726 |     |     |   2,737 |

<div align='center'>F-70

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 202