2660 2 4 5 14 28 293031333537 56 1519 97927 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 202565202565 13 2025121 327G 2025121 20243 2120251 2120251 21 Conyers Trust Company (Cayman) Limited Cricket SquareHutchins DriveP.O. Box 26881Grand Cayman KY1-1111Cayman Islands 1617 www.zen-game.com 2660 2025AI AI iOSIP Boss20+ AIAI3DAIAIAI 20256 305064313 ARPPU2024630934.320256 30709.124.1%20246 30441.420256 30345.121.8%20246 30309.820256 30182.841.0%20246 30324.72025630204.936.9% 2025 AIAIAIAI 20256 30 20256 30709.120246 30934.324.1%ARPPU2025630676.020246 30894.424.4%20256 3033.120246 3039.917.1% 20246 30441.421.8%20256 30345.1(i)(ii)(iii) 20246 30492.926.1%20256 30364.120256 3020246 3052.8%51.3% 20246 3047.220.6%20256 3056.9 20246 3041.376.7%20256 3073.0 20246 3056.28.1%20256 3051.6 20246 3067.21.3%20256 3066.3 20246 305.453.2%20256 302.5 20246 300.2235.2%20256 300.5 20246 3056.720256 3041.015.727.7% 20256 30 20256 30182.82024630309.841.0% — 20256 30204.920246 30324.736.9% 202412 31831.620256 30517.520256 30 20256 302,471.21,137.9648.7302.170.558.3141.420256308.2202412 318.8 20256 30202412 3120256 3002024 12 310 20246 3011.220256 302.776.3%2024 20256 30 20256 30 20256 301420255 20202561620258 15 20256 30648.7 20258 1520255 20 20256 30 20256 30 20259 1220256 300.220246 30206.8202510 8 20253 20202412 310.1520256 5202579 20259 1020259 1220259 1220259 91617 C1 C.2.120256 30 C.2.1 C3 20256 30 20256 30 20256 302410 20256 3020256 30 13.51B(1)202413.51B(1) 20256 30 202011 20256 30455202412 3149420256 30 20256 30XVXV78352C3 (i) (1)Sky-zen Capital LimitedSky-zen Capital Limited (2)20216 32,000,0002,000,000 202210 64,500,00020214,500,000 202312 41,150,00020211,150,000 202412 23884,0002021884,000 202412 233,266,00020243,266,000 (3)J&L Y LimitedJ&L Y Limited (4)20216 32,000,0002,000,000 202210 64,500,00020214,500,000 202312 41,150,00020211,150,000 202412 23884,0002021884,000 202412 233,266,00020243,266,000 201810 93,037,0213,037,021 20216 3200,000200,000 202210 6200,0002021200,000 202312 453,000202153,000 202412 2340,000202140,000 202412 23147,0002024147,000 (6)20256 301,033,837,437 (ii) (1)51%(2)51% 20256 30XVXV78352 20256 30336XV23 (1)Sky-zen Capital LimitedSky-zen Capital Limited (2)(i)231,712,000(ii)11,800,000 (3)J&L Y LimitedJ&L Y Limited(4)(i)197,604,100(ii)11,800,000(5)D Fun Limited(i) Bonaza Limited(ii) D Zen Limited80%20%Bonaza LimitedInfiniti Trust (HongKong) LimitedInfiniti Trust (Hong Kong) LimitedD Zen LimitedBonaza LimitedD Fun Limited(6)(7)Playa Technology Limited(i) BAO TRUST(ii)80%20%BAO TRUSTBAO TRUSTPlaya Technology Limited(8)20256 301,033,837,437 20256 30XV23336 20193 28F.2. 20245 31 6,534,0006,534,0000.63% 20256 3020256 3015 (1)(i)120.1%(ii)1%(2)2.45(3)20256 3043,750(4) 20216 3 20256 30 2021 20216 24172021172021 20212021(i)(ii) 20256 30202112,679,20012,679,2001720212021 20212021 20215%1% 2021202110 202120216 24 20256 3020256302021 (1)202210 61.3220231243.89202412 232.74(2)2021(3)(4)20256 30216,500 202210 6 202412 23202512 232021 20256 302021 2024 20255 3120242024172024 202420242024 20246 172024 2024(a)10%103,062,743(b)2024202487,062,7438.42% 20251 120256 30202477,062,74377,062,743 2024202410 202420244 29 202420256 30 (1)202412 232.74(2)2024(3)20256 30199,000(4) 202412 2337 20256 302024 20256 3020240% 97927 295520256 30343434 2410 34 20258 22 20256 30 20256 30 630202512312024 1112 20256 30 1. 20188 28Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 20256 30 20256 30 20256 30 1. 20256 30 2. 20256 303420241231 3. 202412 31 21 21 4. 8 20256 30 4. 20256 3010%2024630 5. (a) 20256 30 5. (b) 3090 3090 3090 20256 30202412 31 20256 30 6. 7. 20256 3015% 20256 30 7. 2022202563015% 20256 3015% 202150%202120222023202512.5% 25% 16.5% 8. 20256 30 9. 202520246 30 20256 30 20256 30 11. 90 9091180181112 12. 20256 30202412 311.00%4.00%1.00%5.00% 20256 30 13. 20256 30 15. 630123120252024 50,000,000,0000.01 20256 301,033,837,437202412 311,032,338,937 (a)1,498,5001.291,498,5001,931,0001,764,000712,000 16. 20256 30 17. ii. 233,000202412 31202412 31135,000 iii. 20256 30 18. 12,5983,27320,561141,405 177,837 20256 30 20256 30 18. (a) (b) (c) 20256 30 18. 20256 30 18. 20256 30 20256 30 18. 202412 31 19. 20256 3020258 26