GEM GEM GEMGEMGEM GEMGEM 2 3 4 5 6 7 17 51.548.33.26.6% 1.05.9 0.080.49 2 3 (a) (b) (c) 25%10%50% (d) 5 6 1. GEMWindward 3, Regatta Office Park, PO Box 1350, Grand Cayman KY1-1108,Cayman Islands675506SilverEsteem Limited 2. 34GEM 2. 21 3. 3.1 3.2 4. 5. 5. (i) (ii) (iii) 10 5. 6. 7. 8. 9. 12% 25% 10. 11. 12. 94,0001,396,000 13. 13. 3045 9 15. 59,000 30 15 16. 17. 18. 16 GEM (i)(ii)(iii) 50POOHPAVEL2025THE BOY NEXT WORLD FAN MEETINGIN MACAU 17 48.36.6%51.5 (i)(ii)(iii)(iv)43.544.42.1% 7.04.845.8% 0.20.4 12.09.620.0% 69,00033,000 18 1.05.9(i)(ii)(iii) 39.3 19 (1) (2) (3) 20 1. 4. 5.(i)(ii) 6. 62838.810.3 5020% 22 28,000 23 5.97.67.6 1.5.03.2 2.2.62.7 1.72.31.51.6 1.1.51.62.75%2.75%3.38%1.51.61.81.8 2.0.20.74.3%8.0%4.3%8.0% 2.62.7 1.81.81.51.6 7.6%9.4% 25 GEMC1C.2.1 C.2.1C.2.1 GEM 26 571XVXV78352GEM5.46 900,000,000SilverEsteem LimitedSilverEsteem LimitedSilverEsteemLimited XVXV78352GEM5.46 27 XV23336 1.SilverEsteem LimitedSilver Esteem LimitedSilver Esteem Limited 2. XV23336 GEM5.485.67 28 GEM5.28D.3.3GEM www.hkexnews.hkwww.yinghaiholding.com 29