Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 328

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 328
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an estimation of the recoverable amount of the cash-generating unit to which intangible assets have been allocated, which is the higher
of the value in use or fair value less costs of disposal. The value in use calculation requires the Group to estimate the future cash
flows from the cash-generating unit and a suitable discount rate in order to calculate the present value. Where the actual future revenue
are less than expected, or change in facts and circumstances which results in downward revision of future cash flows or upward revision
of discount rate, a material impairment loss or further impairment loss may arise. Details of the impairment assessment of intangible
assets are disclosed in note 12.

Revaluation measurement of properties

As at the end of the reporting period, the Group’s properties
are stated at revalued amounts based on the valuation performed by independent qualified professional valuers. In determining the fair
value, the valuers have based their valuation on income approach for respective properties, which involves certain estimates, including
appropriate discount rates and market transactions of comparable properties, as appropriate. In relying on the valuation, management of
the Group has exercised its judgement and is satisfied that the methods of valuation adopted are appropriate for the relevant property
and reflective of current market conditions. Details of the valuation methodology are disclosed in note 11.

| 4. | OPERATING SEGMENT INFORMATION |

The Group operates its businesses in three operating segments:
media and entertainment segment, hotel operations, hospitality and VIP services segment and strategic investment segment.

The following summary describes the operations in each of
the Group’s operating and reportable segment:

| (a) | Media and entertainment segment: The Group engages in the                                                                            
 provision of print and digital advertising campaigns, licensing, and value-added marketing services including branded content, video 
 production, social media activation, event creation, and experiential marketing, among other services.                               |

| (b) | Hotel operation, hospitality and VIP services segment: The      
 Group engages in hotel operations, hospitality and VIP services |

| (c) | Strategic investment segment: The Group engages in proprietary                                                                            
 investments and management of global investment portfolio (including listed and unlisted equity shares investments and movie income right 
 investments).                                                                                                                             |

Management closely monitors the performance of the Group’s
operating segments separately to support informed decisions on resource allocation and performance evaluation. Segment performance is
evaluated based on reportable segment result, which is a measure of profit (loss) before tax from operations. The profit (loss) before