17 September 2025 | 6:37PM HKT Leon Wang +852-2978-1414 | leon.wang@gs.com Goldman Sachs (Asia) L.L.C. Damian Xie +852-2978-1398 | damian.xie@gs.com Goldman Sachs (Asia) L.L.C. Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. For Reg A ...