GEM GEM GEMGEMGEM GEMGEM 20256302024 2025630 2025630 2025630 2025630 1. 2015924GEM Windward 3, Regatta Office Park, PO Box 1350, Grand Cayman KY1-1108, Cayman Islands17–1921 JAT United Company Limited 2025829 2. 34GEM20241231 20241231202511 2025 2. —21 202392521 202511 21 3. 3. — — (a)2025630 3. (b)2024630 633 (7,914) 3. (c) (d)202563020241231 6. 16.5%2,000,0008.25%16.5% 25%17%25%30% 7. (a) (b) 8. (a) 8. 9. 9. 270 10. 20241129629.72024123127.5202513014.8495,0004 202563020241231 12. GenghiskhanLand Holdings LimitedGenghiskhan1998430Genghiskhan2008430 13. 2.5%3 14. 202563020241231 202563014,645,0002024123133,500,0002,000,0002024123112,000,000 (i)1,582,862(ii)(iii) 15. 202563020241231 16. 16. 10%50% 17. 20256302024 18. (a) (b) (i)(ii)(iii) 2025 35.0%19.530.0 3 8.041.5% 10.88.336.0%42.4% 2.91.3 3.41.9 (i)0.3(ii)0.3(iii)0.8(iv)0.6 1.10.7 3.17.6 2025630202563059.82024123187.731.12024123123.420256301.97202412312.46 202563014.612.62.0 2025630202563096.32024123199.0 202563014.2202412311.7%1.699.0 2025630 (i)(ii) 2025630 2025630 2025630 20256301,582,862 2025630 2025630 202563041202412314120256307.420246308.2 2025627 2024202558 2025627 2025630571XVXV78352GEM5.465.67 1.JAT United Company LimitedJAT United364,095,000JAT United2. 2025630XVXV78352GEM5.465.67 2025630XV2333610% 1.JATUnitedJAT United 2. 2025630XV23336 2017619 2025630 GEM5.485.672025630 GEMC12025630 C.2.1 2025630GEM 2025829