Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 230

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 230
---
41,313 |   |
| Cash and cash equivalents                                          
 at the beginning of the period                                     |     |            |  19,978 |   |     |          |   6,121 |   |
| Effect                                                             
 of foreign exchange rate change, net                               |     |            |    (917 | ) |     |          |     522 |   |
| CASH                                                               
 AND CASH EQUIVALENTS AT THE END OF THE PERIOD                      |     |            |  12,559 |   |     |          |  47,956 |   |
| ANALYSIS                                                           
 OF BALANCES OF CASH AND CASH EQUIVALENTS                           |     |            |         |   |     |          |         |   |
| Cash                                                               
 and bank balances                                                  |     |            |  12,559 |   |     |          |  47,956 |   |

<div align='center'>The accompanying notes
are an integral part of the condensed consolidated financial statements.

F-6

THE GENERATION ESSENTIALS GROUP

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE six months ended June 30, 2025</div>

| 1. | CORPORATE INFORMATION |

The Generation Essentials Group
(the “Company”) is a limited liability company incorporated in the Cayman Islands. The Group is involved in the provision
of media and entertainment services, hotel operation, hospitality and VIP services and strategic investments.

The Company is listed on the New
York Stock Exchange on June 5, 2025 through a business combination with Black Spade Acquisition II Co (“Black Spade II”),
a blank check company incorporated for the purpose of effecting a business combination.

| 2. | PRINCIPAL ACCOUNTING POLICIES |

The condensed consolidated financial
statements have been prepared in accordance with International Accounting Standard 34 (“IAS 34”) “Interim Financial
Reporting”, and should be read in conjunction with the Group’s last annual consolidated financial statements as at and for
the year ended December 31, 2024. They do not include all of the information required for a complete set of financial statements prepared
in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards
Board (“IASB”). However, selected explanatory notes are included to explain events and transactions that are significant
to an understanding of the changes in the Group’s