Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 329

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 329
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tax from operations is measured after allocation of attributable costs of specialized staff and direct operating costs consistently with
the Group’s profit (loss) before tax from operations. Other income, gain from a bargain purchase, finance costs, impairment loss
under ECL model on financial assets and corporate expenses such as staff costs not directly attributable to segments, short-term leases
and administrative expenses are excluded from such measurement.

<div align='center'>F-68

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 4. | OPERATING SEGMENT INFORMATION (cont.) |

Segment assets exclude prepayments, deposits and other receivables
and cash and bank balances, as these assets are managed on a group basis.

Segment liabilities exclude tax payable, borrowings, amount
due to ultimate holding company, lease liabilities and deferred tax liabilities as these liabilities are managed on a group basis.

Segment revenue and results

The following tables present information by segment:

For the year ended December 31, 2022

|                                                       |     | Media and     
 entertainment |       |     | Hotel        
 operation,   
 hospitality  
 and          
 VIP services |       |     | Strategic  
 investment |        |     | Total   |        |   |
|                                                       |     | US$’000       |       |     | US$’000      |       |     | US$’000    |        |     | US$’000 |        |   |
| Segment revenue (Note 5)                              |     |               |       |     |              |       |     |            |        |     |         |        |   |
| Revenue                                               |     |               |       |     |              |       |     |            |        |     |         |        |   |
| – from contract with customers                        |     |               | 7,670 |     |              | 3,201 |     |            |      — |     |         | 10,871 |   |
| – other                                               |     |               |     — |     |              |     — |     |            | 20,392 |     |         | 20,392 |   |
|                                                       |     |               | 7,670 |     |              | 3,201 |     |            | 20,392 |     |         | 31