
GEM GEM GEMGEMGEM GEMGEM 3512232838596465676870130 2025129202511242025129 2-4LL Tower 21A 6-823 Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 48-52121201 183171712-1716 Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands www.amasse.com.hk 8168 2025930 202593012.2202410.020259306.520248.9 5711469(i)(ii)1(iii)6(i)(ii) (i)GEM(ii)(iii)(iv) 2025930 2025930202422.0%12.227.0%6.5 202420259304.1%10.2 2020549 2025930 20251215DragonStar Limited 2024720259302.016.4% 20251224 201838 202593012.210.02.222.0% 2025930(i)0.320240.5(ii)0.62024 2025930(i)0.220242.0)(ii)0.0820240.2 202593012.0202411.01.01.0202491.71.5 20259302.72.63.8% 16.5%202416.5% 20259306.520249308.9(i)2.2(ii)2.5(iii)0.7(iv)1.0 20259302024 2025202493018.217.714.42024930 20259302.8%20247.5% 20259302024 2025930 20259301.320241.90.4202485.7202420242,200 20259302024 20259302024 202593020202417 (i)(ii)(iii)(iv)(v)201838 202516104,700,0000.0575.96 20259305.96 GEMC1 C.2.1132 20182262018322202171202171 2025129202511242025129 GEM5.05(2)GEMGEM5.05(2)GEM 2018226GEMC1 GEM5.09 2025930 2018226GEMC1E.1.2(c)(ii) 2025930 2025930 2018226GEM5.285.29GEMC1 2025930(1)(2)(i)(ii)(3)20249302025331(4)D.3.3(5) 143 2025930 A.2(i)(ii)(iii)(iv)(v) 2025930278,000 2025930GEM GEM25% GEM GEM5.485.67 202412160.057104,700,0005.9620251620241216202516 GEM GEMC1C.1.4 1. 2. 3. 4. D.2.5 GEMGEM 2025930 www.amasse.com.hk 6421 co@amasse.com.hk 2019121GEM5.1515 5220172142017912146919951219981028 722017214201791216 (ICAEW)FCACF(CPA/CA)(FRICS)(FCIArb.)(TEP)(theUniversidad Católica de Murcia) 30202152704300898202312242799201381798202511149 522017214201791220127131623 50202511242012 Web3.0Token (i)2018612018122110412022422(ii)202221620221025600107(iii)2024318202458471 302025129202111(Swansea University) 20222023 76201822007111969119891020 302009520037 2018720196202562025111632009406051520 GEMGEM 6820217 8320GEM GEMGEM 58201821995112001122003920102199519958199663M19967200242002720048200410 1820081120128201211201210201692017120175201942014320178 GEMGEM 592019112002620 2025930 31 5111222 20259306466 12 7 130 25 67 202593010.6202410.5 14 20259302024 0.120240.2 2025930202493056.5%61.9%202593015.5%202415.4% 5% 11511 1222 3858 2025930 2025930 2025129202511242025129 2327 20291212029124 202171 2018226302024920100202521820249202025218 2025930 1.30(g) 2. 20252182025127 202410120259300120,470,0002025930100,000,0001,148,898,3528.70% 20259302025930 29 202593029GEM 2025930571XVXV78352GEM5.465.67 3.20192262025920 4.2025930 2025930XV78352GEM5.465.67 2025930XV23336 1.Access CheerAccess Cheer 2025930336 Access Cheer19 GEM 2023930202391320249302024103 2025930 20251229 GEMC2 20241012025930 20259302024930 B. co@amasse.com.hk 12 123 1.12.23.324.17202416.45.2,19420242,194 14.515.77.6% 2.4% 12345625 202110820502005203065%70% 9.6% 1 2 3 4 5 2022202593097.480.0 8 57282485608 480487527602 202593020252024930 2024111%2024 509 GEM 3202449.0202411.0 20259302024 486 615 0.120240.2 641292025930 2025930 () 4(i)5 5202593010,241,000 () P06957 20251229 2025930 1. GEMAccess Cheer LimitedAccess Cheer 31 2. (a) GEMGEM (b) 2024101 52020 161 177 2. (b) (c) 3 979710282111 3 1 2179107344 1819 1220251132026114202711 2. (c) 97 (ESG) 18 181 1818 3. (a) (b) 3. (c) 555 (d) 16 3. (d) 12 3. (d) 3. (e) 15 3. (e) 93 3. (e) (i) (ii) 9 9 3. (e) 9 (i) 3. (e) 9 (i) 30 309060120 (ii) 90 3. (e) 9 (iii)(a)(b)(c)(d)(e) (iv) 3. (e) 9 (v) 3. (e) 3. (f) 3. (f) (g) (h) 3. (h) (i) (j) (a) i.ii.iii. 3. (j) (b) i.ii.iii.iv.v.vi.3(j)(a)vii.3(j)(a)(i)viii. 3. (k) 9 3. (k) 3. (k) (i) (ii) (iii) (l) 30 3. (l) 3. (l) 5%1,500 (m) 3. (n) 4. (i) 15 153(k) 4. (ii) 20259304,513,00020243,084,0005,587,00020244,725,000 1627(a) 5. 5. 15 7. 7. 2024930 7. 7. 2025930 7. 8 20252024930 10% ABCDEF 8. 9. 10. 16.5% 10. 11. (a) 383 (1)2 11. (a) 11. (a) (i)(ii)(iii)202420242024(iv)2024(v)20252024930 (b) 202411(a)2024 2024 12. 2024 13. 20259302024930202492030 15. 16. 3(e)27(a) 18. 930 21. 50% 22. 6.625%20246.625% 23. 23. 20252024930 20252024930 24. 26,062,000202419,236,0002,553,0002024:4,393,000 25. 0.01 2025160.057104,700,0000.015.96 26. 5713,000,000100,0002025930 27. 27. (a) 30.7%202425.6%88.1%202492.4% 27. (a) 20259308,480,00020247,629,000 2025930200,000202412,0002024 2025930189,000202445,0005,398,00020244,680,000 27. (a) 80,0003,647,000•1,620,000189,000•2,929,0002,929,000 27. (b) (c) 1922 27. (d) 27. (d) 27. (e) 5% 2025 2024 27. (f) 20252024930 13 112213 20252024930123 28. 29. 11(a)30 (a) (b) GEM20 30. (i) 20182262028226 2024920100,000,000180.120249202034919 1,672,000329,0000.0181,343,0000.01620259301,672,0002024