Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 522

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 522
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 Provisions                                  |     |   (1,406 | ) |
| Borrowings                                  |     | (159,722 | ) |
| Contract liabilities                        |     |     (471 | ) |
| Tax payables                                |     |     (214 | ) |
| Amounts due to shareholders                 |     |  (47,157 | ) |
| Non-controlling interest                    |     |  (71,136 | ) |
| Net assets acquired                         |     |   74,187 |   |
| Investment in joint ventures eliminated     |     |   74,187 |   |

The fair values and gross contractual amounts of accounts receivable and other receivables at the date of acquisition amounted to of approximately US$920,000 and US$622,000, respectively. No accounts receivable and other receivables were expected to be uncollectible. Net cash inflow on acquisition of Singapore hotel companies

| Cash and cash equivalents balances acquired |     | 4,273 |

Impact of acquisition on the results of the Group Included in the consolidated profit for the year is the loss of US$6.3 million attributable to the business generated by Singapore hotel companies. Revenue for the year includes US$17.3 million generated from the acquisition. Had the acquisition of Singapore hotel companies been completed on January 1, 2024, revenue for the year of the Group would have been US$82.9 million, and profit for the year would have been US$43.0 million. The pro forma information is for illustrative purposes only and is not necessarily an indication of revenue and results of the operations of the Group that actually would have been achieved had the acquisition been completed on January 1, 2024, nor is it intended to be a projection of future events.

F-80

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024 35.NON-CONTROLLING INTERESTS The table below shows details of non -whollyowned subsidiaries of the Group which have material non -controllinginterests:

|                                              |     | As of December 31, |     |         |     |         |
|                                              |     |               2022 |     |    2023 |     |    2024 |
|                                              |     |            US$’000 |     | US$’000 |