(Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer, “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒ Large accelerated filer☐Non-accelerated filer☒Emerging growthcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☒No☐ The aggregate market value of the outstanding Class A Ordinary Shares of the registrant, other than shares held by persons who may be deemedaffiliates of the registrant, computed by reference to the closing price for the Class A Ordinary Shares on June 28, 2024, the last business day of theregistrant’s most recently completed second fiscal quarter, as reported on the New York Stock Exchange was $243,110,000. As of March 14, 2025, there were23,797,600Class A Ordinary Shares, par value $0.0001 per share, and5,750,000Class B Ordinary Shares, par value$0.0001 per share, of the registrant issued and outstanding. TABLE OF CONTENTS PAGEPART IItem 1.Business.1Item 1A.Risk Factors.16Item 1B.Unresolved Staff Comments.19Item 1C.Cybersecurity.19Item 2.Properties.19Item 3.Legal Proceedings.19Item 4.Mine Safety Disclosures.19PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchasesof Equity Securities.20Item 6.[Reserved]21Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.21Item 7A.Quantitative and Qualitative Disclosures About Market Risk.25Item 8.Financial Statements and Supplementary Data.25Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.25Item 9A.Controls and Procedures.25Item 9B.Other Information.26Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.26PART IIIItem 10.Directors, Executive Officers and Corporate Governance.27Item 11.Executive Compensation.34Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters.35Item 13.Certain Relationships and Related Transactions, and Director Independence.37Item 14.Principal Accountant Fees and Services.40PART IVItem 15.Exhibit and Financial Statement Schedules.41Item 16.Form 10-K Summary.41 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Report (as defined below), including, without limitation, statements under “Item 7. Management’sDiscussion and Analysis of Financial Condition and Results of Operations,” includes forward-looking statementswithin the meaning of Section 27A of the Securities Act (as defined below) and Section 21E of the Exchange Act(asdefined below).These forward-looking statements can be identified by the use of forward-lookingterminology, including the words “b