SCHEDULE 13G 0002095565 XXXXXXXX LIVE Ordinary Shares 08/13/2025 0001872195 Bullish G16910120 10A Building A, 60 Nexus Way Camana Bay, George Town Grand Cayman E9 KY1-9005 Rule 13d-1(d) EFM Asset Management E9 17375638 0 17375638 0 17375638 N 11.89 OO EFM Group Limited E9 17375638 0 17375638 0 17375638 N 11.89 OO Pu Luo Chung VC Private Limited U0 14651315 0 14651315 0 14651315 N 10.02 OO Jeffrey Gerard Emmanuel C3 17375638 0 17375638 0 17375638 N 11.89 IN Bullish 10A Building A, 60 Nexus Way, Camana Bay, George Town, Grand Cayman, Cayman Islands, KY1-9005 EFM Asset Management (the "Investment Manager"), EFM Group Limited (the "Investment Manager Parent"), Pu Luo Chung VC Private Limited ("PLCVC") and Mr. Jeffrey Gerard Emmanuel (collectively, the "Filing Persons"). For the Investment Manager, the Investment Manager Parent and Mr. Jeffrey Gerard Emmanuel: c/o Maples Corporate Services Limited PO Box 309, Ugland House Grand Cayman, KY1-1104, Cayman Islands For PLCVC: 37 Jalan Pemimpin #06-12 Mapex Singapore (577177) The Investment Manager is an exempted company incorporated with limited liability under the laws of the Cayman Islands. The Investment Manager Parent is a company incorporated in the Cayman Islands. PLCVC is a limited company incorporated under the laws of Singapore. Mr. Jeffrey Gerard Emmanuel is a citizen of Australia. Y 17,375,638 (the "Shares") 11.89%* 17,375,638 0 17,375,638 0 *This percentage is based upon 146,183,739 Shares of the Issuer outstanding, which is the total number of Shares of the Issuer outstanding as of August 13, 2024, as reported in the Issuer's Prospectus filed with the U.S. Securities and Exchange Commission on August 13, 2024. Y N The Shares are owned directly by PLCVC, which is managed and advised by the Investment Manager, and three private funds (the "Private Funds" and together with PLCVC, the "Accounts") that are managed and advised by a subsidiary of the Investment Manager. The Private Funds own 2,135,863 Shares, 562,500 Shares and 25,960 Shares, respectively. The Investment Manager may be deemed to be a beneficial owner under Rule 13d-3 of the United States Securities Exchange Act of 1934, as amended (the "1934 Act"), of the Shares held by PLCVC, as, in its capacity as investment manager of PLCVC, it has the power to vote and dispose of, or direct the voting and disposition of, the Shares held by PLCVC. The Private Funds are directly controlled by a subsidiary of the Investment Manager and, as the owner of this subsidiary, the Investment Manager may be deemed to beneficially own the Shares held by the Private Funds under Rule 13d-3 of the 1934 Act. The Investment Manager is directly controlled by the Investment Manager Parent. As the owner of the Investment Manager, the Investment Manager Parent may be deemed to beneficially own the Shares under Rule 13d-3 of the 1934 Act. The Investment Manager is indirectly controlled by Mr. Jeffrey Gerard Emmanuel, who is the Chief Investment Officer of the Investment Manager and the controlling shareholder of the Investment Manager Parent. As the Chief Investment Officer of the Investment Manager and the controlling shareholder of the Investment Manager Parent, Mr. Jeffrey Gerard Emmanuel may be deemed to beneficially own the Shares under Rule 13d-3 of the 1934 Act. Y Y Y Y EFM Asset Management /s/Jeffrey Gerard Emmanuel 11/14/2025 EFM Group Limited /s/Jeffrey Gerard Emmanuel 11/14/2025 Pu Luo Chung VC Private Limited /s/Jeffrey Gerard Emmanuel 11/14/2025 Jeffrey Gerard Emmanuel /s/Jeffrey Gerard Emmanuel 11/14/2025 Joint Filing Agreement dated November 14, 2025, by and among the Investment Manager, the Investment Manager Parent, PLCVC and Mr. Jeffrey Gerard Emmanuel.