3360 1676706B-6708A 9 www.fehorizon.com 1676706B-6708A 3360 1831717121716 +5002000 20 1. 1.1 GDP66.15.3%3.13.7%3.3%23.95.3%36.5%39.05.5%60.1%GDP1.0%1.3%2.7%0.2% 24.92.8%0.6%24.65.0%21.35.0%3.24.9%21.82.9%13.07.2%8.82.7%4.2 74.0%20241.073.6%74.2%72.6%3.51.8%30.3%4.5%3.3% 14.13.4%9.2%5.9%5.9%5.0%11.60.3%9.31.2%2.23.7% (M2)8.3%8.9%570.10.518,00035,000 1.2 3.0%3.75.9%3.16.4%1,802.78.0%8.9%16.6%6.2%16.4%4.6%9.5%17.7%27.6%3.9%1.0%3.5%0.7 1.3 602,7001-513% 1.4 + 56750423063743.500.4 2. + 110.902.10%3.63.77% 4.320.80.57 3. 3.1 3.88%2.10%12.64%2,163,5853.77% (1) (i)2.10%5.22%12.64%36.44%3.88%5.82% (ii)999,844608,67264.27%362,922 (iii)172,40383,397106.73% (iv)582,432212,669322,309300,24887,57937,779258,626 42.3%45.5%3.11 (vii)2,188,4285.31%3.77% 3.2 17,336,45518,036,33911,090,49963.67%2.10%12.64% 17,336,45518,036,339 11,090,49963.67%14.516.488.34%3.58%15 6 3 . 2 912.64%43.5010.72%17.9715.49% 38.82%40.90%36.33%40.01% 3.2.1 10,699,9380.40%10,657,25061.18% (1)(2)(3)(4) 263,633,522263,959,174132.18197.2049.19% 8.08%8.11%(i)(ii)(iii) 3.2.2 7,244,246915,4176,328,82936.33% (1)13 (2)14.1 3.3 9,686,7119,914,2092.29%4,711,14148.64%4,799,1381.83%4,975,57051.36%5,115,0712.73% 3.3.1 (1) (2) 4,799,13887,9974,711,1414.02% (i)0.08%(ii)0.03%(iii)0.03% 3.3.2 (1)13 (2)14.1 3.4 7,649,7448,122,130472,3865.82%44.13%45.03% 3.4.1 (3) 4.06%111434% 0.77% (2)14.1 3.5 4.3 3.6 3,878,758339,7739.60%235,518104,25563,68035,532 50.70%5.82%43.57%41.62%39.91%44.55%80.62% 3.7 45,34041,9977.96% 3.8 588,066581,4891.13% 3.9 4,309,827341,9017.35%132,520702,130 3.10 (1)582,432212,669322,309300,24887,579 (2) (3) 3.11 1,823,497126,9127.48%45.5% (1) 3.12 2,163,58578,5093.77% 3.13 0.510.023.15% 4. 4.1 363,799,6163,409,6160.95%266,625,7125,984,3812.30% 4.2 71.54% 4.2.1 (1) 4.2.2 (1) (1)(i)(ii)(iii) (2) 221.92172.4815 4.2.3 4.2.4 66.07% 4.2.5 11 4.2.6 4.2.6.1 30 + 5.51%5.58%0.07 26.56%4.77% 18.14%7.96% 14.19%13.87% 10.99%4.13% 27.941.05%15 58.81%2.01% 8.93%1.66% 7.52%1.85% 7.11%1.18% (1) (2)=++331,364412,6791.92%1.90%15 4.2.6.2 (1)=2.14%2.41%15 4.2.6.3 592,502331,364144,200130,057127,9179,025,6742,483,642762,22152,843 30 300.90% 30 30 4.3 4.4 304,321,7221,408,8630.47%87.20%87.46%0.26 4.5 + 53.5 18.2 265,358,970264,918,1830.17% 58.19% 75.45% 81.81% 81.51% 30.59% 4.6 59,477,8942,000,7533.48% (1) (2) 4,000,000,0001237 4.7 1Universe Trek Limited300,000,0002.5%296.68.241.007.75038.337.927.587.116.596.485.965.725.455.19169.5127.1 300,000,000100%(i)290,000,00096.67%5.19433,061,070(ii)10,000,0003.33%6.59 2Universe Trek Limited250,000,00024610.011.007.761410.209.769.168.508.357.697.387.046.7095151249,100,00099.64%106.15%900,000 100.00%200,0001,000 1,042,5760.02%0.02% (i)(i)1,670,000(ii)42,436,903(iii) Idea ProsperousLimited868,947,897Idea Prosperous Limited (ii) 8 4.8 500,000 5. 5.1 83.65% 5.2 8 3.924.10 4.00 4.392.79 6. 3,070,0332,057,583824,817 7. 7.1 360 AI360 PADAPP DeepSeek 7.2 7.3 6,3916,27498.16%96.09% 7.4 (1)=+ (2)=+++ (3)=++ 7.5 HSE 8. 55,973,124192,3077,495,01310,642,0588,229,766 9. 114 110095% D232(4A)D232(5) 10. 18,4324,2751,99014,15719,1713,6941,45815,477739 65.4%8.4% 10.1 10.1.1 1 2(i)(ii) 3(i)5.86(ii)5.815.87 4(i)6.88(ii)7.176.80 5(i)5.60(ii)5.7145.58 6(i)6.82(ii)6.7146.80 7(i)7.36(ii)7.0327.18 86.2787 917.07(3) 10.1.2 1 2(i)(ii) 3(i)7.40(ii)7.6187.38 4(i)6.480(ii)6.7006.55 5(i)8.40(ii)8.2028.32 6(i)6.340(ii)6.3786.42 7(i)5.390(ii)5.585.55 86.2258 917.07(3) 10.1.3 4%172,770,8461%1%34,521,086 1 2(i)(ii) 3(i)5.39(ii)5.345.46 4 5138,249,76017.07(3) 17.07(1)(d) 10.1.4 12i.ii.iii.iv.340517.07(3) 10.1.5 6%258,908,15151,781,630 1 2(a)(b)(c)(d)5.46 3 4207,126,521 517.07(3) 10.2 11. 11.1 11.2 (1) 12. + 3+X +++ 13. KHLIRN100+9930 41.69%Farsighted Wit Limited5.52% 14. 1+ (1) (2)16.6214.74 (3) (4) (1)(2)(3)(4)(5) 2,0002060140 2.6 AI 221.949.428.67%6.62%8.32%47.321.814.72%14.516.48124.10% 15.1 100% (1)=++ (2)= 2.14%0.84%1.92%0.95%762,22152,84326,913 571XVXV78352 (1)L (2)11,852,63919,709,6634,319,90050,443,4778,131,7841,670,000 (3)Idea Delicacy Limited272,237,06240,726,000159,670,000107,503,000197,945,00090,866,835Idea Prosperous Limited (4)3,759,3289,473,9062,258,77019,105,5883,264,604586,000 (5)(1)New Trace Limited1,067,000New Trace Limited(2)Capital Rise Limited314,775,100(3)Capital Lead Limited50,000,000Capital Bridge LimitedCapital Rise LimitedCapitalLead LimitedCapital Bridge LimitedDCP Capital Partners, L.P.DCP Capital Partners, L.P.DCP General Partner, LtdDCP GeneralPartner, LtdDCP Partners LimitedDCP Partners LimitedDCP, Ltd.DCP, Ltd.Julian Juul Wolhardt50% (6)2,806,3289,473,9062,258,77019,083,9063,264,604 (1)L 3B XVXV78352 XV23336 (1)LS(2)98%(3)(2)(4)(3)(5)Aim Future LimitedAim Future LimitedGold Stone Enterprise LimitedCantrust (Far East) LimitedThe Gold Stone I TrustGold Stone Enterprise Limite